Reference no: EM132686009

You are working as a senior accountant for Tasmania e-Cycles Pty Ltd. The company buys and sells electric bicycles and accessories from a shop situated in Sandy Bay, Hobart. As a result of the increased popularity of cycling, the business has experienced exponential growth. This resulted in increased administrative processes and increased the risk of errors and fraud in the accounting information system.

• You have been instructed by the CEO and owner Jack Daniels to take on the additional role of internal auditing. Jack is particularly concerned about the vulnerability of the online ordering system to cyber hacking and fraud. Jack suggest that your department assume line responsibility for the security of the online ordering system.

• Jack requests you make recommendations during system development, assist in the installation, and approve the online ordering system after making a final review. You are concerned about your objectivity and independence in your dual roles as senior accountant and manager of the audit division.

Problem a. in business-memo style, respond to John's suggestion that your department be responsible for the security of the online sales ordering system.

Problem b. in business-memo style, respond to John's suggestion that you be responsible for making suggestions during system development.

Problem c. in business-memo style, respond to John's request that you assist in the installation of the system and approve the system after making a final review.