Description: Cyber Monday has now overtaken Black Friday as the biggest day on the holiday shopping calendar. The online phenomenon has grown so huge that actually the Tuesday after Cyber Monday is now the second largest holiday purchase day in the United States. Accounting firm Deloitte indicated that 50% of consumers now seem to prefer online shopping as their favoured method versus 36% who like the old bricks and mortar over the cyber shopping solution.
Date: November 28, 2017
1) Were you a Cyber Monday shopper? Why or why not?
2) Why do you think Cyber Monday has grown so huge? Did it surprise you to learn that it has overtaken Black Friday?
3) In Wiley’s Auditing: A Practical Approach you can learn about risk assessment on audits. If you were the auditor of an online retailer what might be some risks associated with Cyber Monday?