E-envoy pushes on web seals
New e-envoy Andrew Pinder wants accountancy to take a central role in developing financial security within the UK's burgeoning e-commerce market.
New e-envoy Andrew Pinder wants accountancy to take a central role in developing financial security within the UK's burgeoning e-commerce market.
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.
Links
Institutes’ WebTrust scheme ignored
English ICA web trading seal launched
The numbers you crunch tell a story. Your expertis...
23yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View article61% say providing financial support for their family is of importance to them, with 77% currently doing so Read More...
View articleStartups face unique financial challenges, such as cash flow volatility and equity-based compensation complexities. Innovative strategies and technolo...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleIn 2019, the a survey conducted by the FRC highlighted that only 17% of women held partner-level positions Read More...
View articleDains believes a corporate structure is the best way to maximise the benefits of its growth strategy Read More...
View articleBoth employer and employee will benefit from flexibility and cost-saving Read More...
View articleThere are nine key areas that accounting practices must get to grips with as client expectations and technological developments rise, while team membe...
View articleWhen employees publish opinion and statements on social and other online mediums, they may be leaving themselves open to interpretation of codes of et...
View article