Exploit the digital age.

The accountancy profession should not underestimate the opportunities the digital economy presents to accountants, English ICA president Graham Ward told the institute’s annual conference this week. Speaking to an audience of 800 at the event at London’s QEII centre on Tuesday, Ward highlighted three specific areas where he said accountancy firms would be well placed to exploit the e-commerce revolution; forensic accounting, fraud prevention and advice on control of systems. The PricewaterhouseCoopers partner also reiterated the need for company websites to state which parts related to audited information to ensure clarity for users, and voiced his support of XBRL – a new web language for business reporting being pioneered by accountants. The conference was called ‘e-business: The new technological revolution,’ and offered a range of talks and seminars covering the theme. These, together with other conference highlights, are covered on Highlights included an address by Labour MP Nick Palmer, secretary to the all-party parliamentary internet group. He called for businesses to inject realism into e-commerce plans, saying those setting up websites should think ahead. It wasn’t good enough for a company to design a website if it didn’t have the resources to provide consumers with goods and services, he said. More conference reports More on XBRL ACCOUNTANCYAGE.COM – Daily news on business, practice, tax, IT and public services – E-mail new bulletins – Unique Your Practice advice section – Hundreds of job vacancies – Extensive searchable archive.

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