Information Systems (is) Audit Services & Design of Mechanism for the Future E-Commerce

Talking of security and its potential breaches has become a piece of common talk in all the deliberations related to the e-commerce activities all over the globe. The security of e-commerce is a serious concern of all the major players in the digital business arena who rely heavily on distributed processing in their routine daily operational chores. The security breaches and the related frauds have cost billions of dollars to the businesses and the industries as a whole. Consumers are also not far behind in the sufferings through frauds in the digital market place. It is possibly due to the fact that business models of transaction processing that are viable in the conventional commerce might be wrong ab initio in the context of digital business. And, therefore, we feel that there is a growing need for robust tools and equally rigorous auditable methodologies in the design and verification of the correctness of the digital processing systems that operate over the internet. This paper focuses on the economic reasoning of business process design. I have decided to go for development of a secure online auction protocol as an attempt at applying the design of mechanism reasoning framework in the direction of information systems audit and control of ecommerce