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60 Erwin and Singh
E-CAP
The Johannesburg Stock Exchange (JSE) Securities Exchange has signed an
agreement with the London Stock Exchange that will result in local stocks being
traded electronically via London. This will encourage South African companies to
keep their primary listing in SA, by allowing them to have dual primary listing in both
countries (Ebersöhn, 2001). Such trading methods would naturally need and use
government and legal regulations governing these transactions.
In a broad sense, accounting has the following hierarchy, with the inclusion of
e-commerce into this hierarchy suggested by the authors, as shown in Figure 1.
There are obvious overlaps between these areas.
Under e-commerce, the authors present the following subdivision with their
related activities; see Figure 2 and Figure 3. Each subdivision would have a
particular set of guidelines that aid the auditor.
Figure 1
Figure 2
Accouniting
Auditing Management Accounting Taxation Financial Accounting e-Commerce
Hardware
Legacy Hardware Current Hardware
Figure 3
Operating Systems
Legacy Software
Informantion Systems Development (ISD)
Software
Database Systems
Oracle MS Access
Analysis Design Programming Testing Implemenation
Technical Accounting Cost/Financial Accounting
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LAN
Cost/Financal Accounting
Goodwill
Domain Name
Networks Telecommunications Policies
Internet
Intranet WWW
Maintance
Hardware Software
e-Commerce
Upgrades
Hardware Software