（2002）replay_Discussion of restoring auditor credibility——tertiary monitoring and logging of continuous assurance systems.pdfVIP

Joumal of Information Systems Vol. 16 2002 Supplement pp . 29-32 Reply to Discussions of Holistic, Continuous Assurance Integration: e-Business Opportunities and Challenges Marilyn M. Greenstein Arizona State University West Amy W. Ray Bentley College e express our gratitude to both of the discussants for taking the time and effort they put into Wthe comments and remarks regarding our paper. Receiving feedback on this paper from a practitioner as well as an academician is especially exciting. Mr. Everett Johnsons work in leading the accounting profession forward into new service offerings is both recognized and appreci- ated. We would also like to acknowledge Professor Carla Carnaghan for her insightful remarks on this manuscript. In this commentary, we address the primary issues raised by both discussants. I. LACK OF CLEAR DIFFERENTIATION BETWEEN E-BUSINESS AND E-COMMERCE AND THE ROLE OF THE TRADITIONAL ASSURANCE FUNCTION One comment raised by Carnaghan (2002) is that a clear distinction between e-business and e- commerce is not made, nor is it obvious that such a distinction is relevant in this paper. Johnson (2002) raised the issue that it is not clear whether the propositions address changes to the traditional audit or opportunities for new services. We will address these two issues together as they are related. In an earlier version of the paper, we actually had multiple definitions, but edited them out in trying to produce a shorter paper. We adopt, with a slight modification, Greenstein and Vasarhelyis (2001) definitions of e- business and e-commerce as congruous with our interpreta