EDI : the control, audit, and legal issues
EDI, or Electronic Data Interchange is the computer-to-computer transfer of business information in a standard format between trading partners. It is becoming the fastest growing method of exchanging information and payments between companies. This method of paperless trading have a dramatic impa...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2015
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/63548 |
| _version_ | 1811681057691402240 |
|---|---|
| author | Seoh, Meng Hong Wan, Mui Lao Chan, Bee Pin |
| author2 | Koh Eng Min |
| author_facet | Koh Eng Min Seoh, Meng Hong Wan, Mui Lao Chan, Bee Pin |
| author_sort | Seoh, Meng Hong |
| collection | NTU |
| description | EDI, or Electronic Data Interchange is the computer-to-computer transfer of business
information in a standard format between trading partners. It is becoming the fastest growing
method of exchanging information and payments between companies. This method of paperless
trading have a dramatic impact on the way companies, whether large or small, conduct their
businesses.
TradeNet is the first nation-wide EDI system implemented in Singapore. The government is
continuing to promote the use of EDI by introducing PortNet, Law Net, MediNet, GraphNet and
so forth. As the use of EDI becomes more widespread, the concern over the audit, control and
legal issues of EDI begins to arise. With the implementation of EDI, there are threats faced by the users. As such, the objective of
the project is to understand the adequacy of the audit and control issues of using EDI in
Singapore. The legal issues of EDI are also discussed to complete the study on EDI.
Furthermore, various costs and benefits associated with the use of EDI are also discussed.
The evolution of EDI can be evaluated by examining the development of the exchange of
business data over the years. The two basic EDI networks by which data are transmitted are
namely the point-to-point network and the third-party network. By conducting business electronically through computer-to-computer, businesses are exposed to
new control, security and legal issues. Some control methods can be adopted to limit these
exposures. In accordance with the recommendation of the EDI Council of Australia and the
EDP Auditors Association, this project classifies the various control methods into physical
controls, logical controls, application controls, transmission controls and authentication controls.
The legal aspects of EDI is also discussed in this project.
Case studies on TradeNet and a number of local users who have successfully implemented EDI
are conducted. The authors have recognised the increased importance of EDI as Singapore
moves towards globalisation. |
| first_indexed | 2024-10-01T03:34:54Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/63548 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T03:34:54Z |
| publishDate | 2015 |
| record_format | dspace |
| spelling | ntu-10356/635482023-05-19T07:23:10Z EDI : the control, audit, and legal issues Seoh, Meng Hong Wan, Mui Lao Chan, Bee Pin Koh Eng Min Nanyang Business School DRNTU::Business::Information technology EDI, or Electronic Data Interchange is the computer-to-computer transfer of business information in a standard format between trading partners. It is becoming the fastest growing method of exchanging information and payments between companies. This method of paperless trading have a dramatic impact on the way companies, whether large or small, conduct their businesses. TradeNet is the first nation-wide EDI system implemented in Singapore. The government is continuing to promote the use of EDI by introducing PortNet, Law Net, MediNet, GraphNet and so forth. As the use of EDI becomes more widespread, the concern over the audit, control and legal issues of EDI begins to arise. With the implementation of EDI, there are threats faced by the users. As such, the objective of the project is to understand the adequacy of the audit and control issues of using EDI in Singapore. The legal issues of EDI are also discussed to complete the study on EDI. Furthermore, various costs and benefits associated with the use of EDI are also discussed. The evolution of EDI can be evaluated by examining the development of the exchange of business data over the years. The two basic EDI networks by which data are transmitted are namely the point-to-point network and the third-party network. By conducting business electronically through computer-to-computer, businesses are exposed to new control, security and legal issues. Some control methods can be adopted to limit these exposures. In accordance with the recommendation of the EDI Council of Australia and the EDP Auditors Association, this project classifies the various control methods into physical controls, logical controls, application controls, transmission controls and authentication controls. The legal aspects of EDI is also discussed in this project. Case studies on TradeNet and a number of local users who have successfully implemented EDI are conducted. The authors have recognised the increased importance of EDI as Singapore moves towards globalisation. BUSINESS 2015-05-15T02:06:30Z 2015-05-15T02:06:30Z 1994 1994 Final Year Project (FYP) http://hdl.handle.net/10356/63548 en Nanyang Technological University 90 p. application/pdf |
| spellingShingle | DRNTU::Business::Information technology Seoh, Meng Hong Wan, Mui Lao Chan, Bee Pin EDI : the control, audit, and legal issues |
| title | EDI : the control, audit, and legal issues |
| title_full | EDI : the control, audit, and legal issues |
| title_fullStr | EDI : the control, audit, and legal issues |
| title_full_unstemmed | EDI : the control, audit, and legal issues |
| title_short | EDI : the control, audit, and legal issues |
| title_sort | edi the control audit and legal issues |
| topic | DRNTU::Business::Information technology |
| url | http://hdl.handle.net/10356/63548 |
| work_keys_str_mv | AT seohmenghong edithecontrolauditandlegalissues AT wanmuilao edithecontrolauditandlegalissues AT chanbeepin edithecontrolauditandlegalissues |