Electronic Signatures and Records Gain Validity
Electronic signatures and records are now valid according to the Uniform Electronic Transactions Act (UETA). The UETA was approved at the recent National Conference of Commissioners on Uniform State Laws (NCCUSL), and will go into effect January 1.
But don't give up manually signing your name just yet. Although the UETA was created to support electronic commerce by allowing the use of electronic records and signatures in many transactions, it does not mandate their use.
The UETA provides a technical definition of an electronic signature, but it does not discriminate between different forms of technology. The UETA also authorizes state governments to create, communicate, receive and store records electronically.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.