AICPA Forms Panel to Improve Trust on Internet

The American Institute of CPAs (AICPA) is helping to put together a panel of industry experts to provide input to the accounting profession on how to incorporate new and improved security standards into its WebTrust program for Certification Authorities.

Anthony Pugliese, AICPA's vice president of member innovation, explains that the panel is being formed to enhance standards, particularly in the areas of authentication and identification of digital certificate issuers, so users can trust companies that do business over the Internet.

Members of the panel will be drawn from the participants in a recent summit meeting to discuss ways to improve trust on the Internet. The meeting was sponsored by the AICPA, Canadian Institute of Chartered Accountants (CICA), and PKI Forum. The participants included representatives of the American Bankers Association, American Bar Association, American National Standards Institute, Canadian Payments Association, Federal Deposit Insurance Corporation, National Institute of Standards and Technology, Office of the Comptroller of the Currency, Treasury Board of Canada, AOL Netscape, Microsoft, VeriSign, and Visa International, as well as AICPA, CICA, PKI Forum and the Big Four accounting firms.

The participants agreed on the need to resolve major issues affecting the acceptance, use and comparability of digital certificates. These issues include levels of assurance assigned to certificates, required identification, authentication and authorization procedures and consistent application of standards. The group has committed to resolve these issues and will collaborate over the coming months to do just that.

For more information about this initiative, please contact Karyn Waller, senior technical manager, Trust Services, AICPA.

-Rosemary Schlank

You may like these other stories...

You probably don't want to think about how many times you access the File menu in Excel 2010 or 2013. Personally I think Excel 2010 has the best possible File menu arrangement, other than having Print Preview grafted...
Following other recent high-profile hacking events, investigators discovered yesterday that hackers broke into the draft work paper files of several famous CPA firms. Revealing images of the scantily clad documents have been...
For bitcoin users, the taxman cometh. And you best know how to calculate taxes owed on what the IRS calls convertible virtual currency.In March 2014, the IRS issued Notice 2014-21, which declares virtual currency will be...

Already a member? log in here.

Upcoming CPE Webinars

Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.
Sep 30
This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
Oct 23
Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.
Oct 30
Many Excel users have a love-hate relationship with workbook links. For the uninitiated, workbook links allow you to connect one Microsoft Excel spreadsheet to other spreadsheets, Word documents, databases, and even web pages.