In an interview with Accountancy Age, Pinder said he wanted the profession to oversee the increasing use of digital certificates. These are used to provide security on internet transactions.
Based on a range of encryption techniques, they allow businesses to electronically certify features such as identity, ability to pay, or the authenticity of an electronic document. With the UK’s e-commerce market predicted to grow to #14.5bn by 2003 – it stood at just #2bn in 1999 – certificates will become an essential part of doing business via the internet.
‘We are just starting to see the first digital certificates emerging,’ said Pinder. ‘It seems to me the professions, particularly accountancy, have the in-depth knowledge and the individuals to be the sort of people who could actually issue the certificates.’
The ICAEW is already involved in the WebTrust scheme. Pinder, who has taken over from the first e-envoy Alex Allan, who resigned last year, said he had already held ‘informal chats’ with the ICAEW.
These meetings, he said, would soon be followed up. ‘I really want to push them (the ICAEW) quite hard. I see no reason why they shouldn’t be an issuer of certificates through their members,’ he told Accountancy Age.
Changing of the guards, pages 26 and 27.
Cowgill Holloway and Warings Business Advisors have merged, with a range of growth plans in the North West put in place
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season