The Emerging Need for E-Commerce Accepted Practice (ECAP)

The Emerging Need for E-Commerce Accepted Practice (ECAP)

G. Erwin (Cape Technikon, South Africa) and S. Singh (University of South Africa, South Africa)
Copyright: © 2003 |Pages: 19
DOI: 10.4018/978-1-59140-043-1.ch004
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With the rapid expansion of the Internet and constant technological advances, it is clear that e-commerce will reshape methods of the business world. Government, large corporations, medium and small business now have to conduct their electronic activities in an accountable, transparent and well-structured way. Unlike traditional business recording, such as accounting, with Generally Accepted Accounting Practice (GAAP), no guidelines or frameworks exist that recognize e-commerce issues.

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