What is transaction integrity?
Transaction integrity
means that transaction recorded in the books of account or accounting software,
is complete, accurate and properly authorized.
Why transaction integrity is important?
Transaction integrity is
important because it is first step for the accurate reporting of financial
results. If the transaction is not complete, authorized and accurate, then
financial results may not be considered reliable.
How transaction integrity is ensured in
E-Commerce?
E-commerce is an automated
system of transaction recording, however, transaction integrity is ensured by
introducing different control over transaction processing and recording.
What types of control are place for
transaction integrity in E-Commerce?
Transaction integrity
controls for the E-Commerce included, input validation control, prevention of
duplication controls, incomplete processing of transaction checks, and proper
recording in accounting system controls, back up of transactions, approved
transactions between parties.
What is Auditor responsibility for
transaction integrity in E-Commerce?
Auditor primarily focuses
on the reliability of system that collects and processes the transactions.
Auditor evaluates the effectiveness of controls placed over automated transactions
processing for ensuring the transaction integrity.
