Corporate managers face internal control and ethical challenges with Internet access at the fingertips of many employees. Is it okay for an employee to log on to make a quick personal stock trade? What about sending personal e-mail, checking sports team scores, playing games, visiting chat rooms, or shopping online? These dilemmas face corporate America every day.

1. Discuss several internal control issues that may concern management regarding personal use of the Internet by employees during working hours. 2. Do any special issues arise for company e-mail? 3. Many web sites can trace and identify the company making visits. Do any special issues arise as to which Web sites are accessed by company employees? 4. Expanded Internet use has created a new industry to monitor Web site visits and the duration of employee time online. Go to http://www.telemate.net/ and read the information displayed. What services does this company provide? 5. Go to http://www.Forbes.com. Under "Stocks" type TMNT. the stock symbol for Telemate.Net Software, Inc., and then click on Go. In the left-hand column, click on Financials. Use the latest financial information to answer the following questions:

a. Is the demand for the services and products of Telemate. Net Software. Inc., increasing? How can you tell?

b. For the most recent year was Telemate.Net Software, Inc., profitable?

c. How much did Cash/Equivalents increase (decrease) during the current year? Compute Telemate's current ratio at the most recent financial statement date.