The Future of Electronic Commerce over the Internet and Its Effect on Market Efficiency, Socio-Economic Policy, Risk, Control, and Audit Theory An examination of the future of electronic commerce and its effect on market efficiency, socio-economic policy, risk, control, and audit theory shows it will be a historically unparalleled centralizing of transaction information. I. Introduction This paper provides an understanding of the impact that electronic commerce over the Internet will have on market efficiency, socio-economic …showed first 75 words of 1535 total…

…showed last 75 words of 1535 total…providers such as America Online and CompuServe; and access online databases such as OCLI and Lexis/Nexis. But these same users don't actually buy goods and services in any significant standard. For example, consider home banking. Intuit estimates that somewhere between 200,000 and 400,000 people pay bills using home PCs. At first glance this seems impressive, however this is brought into perspective when it is considered that an estimated 75 million Americans! have bank accounts. ------------------------------------------------------------------------ **Bibliography** Various