The third Exposure Draft that was issued by the International Ethics Standards Board for Accountants in January 2017 as part of the Structure of the Code (Structure) project is open for comment until May 25, 2017—and is the final opportunity for the SMPs to say their piece on the Structure.
Despite all the unpredictability in 2016, the accounting profession was still fairly optimistic—all things considered.
Given recent proposals from the International Ethics Standards Board for Accountants with potential changes for the Code of Ethics for Professional Accountants, small- and medium-sized practices need to start preparing for some of the more significant changes coming their way.
How do the survey results for one region compare to the global view—and what can professional accountancy organizations learn?
The IFAC SMP Committee has recently organized a break-out session that focused on how SMPs can diversify into business advisory and consultancy services by looking at what niche market to consider and how to leverage technology and networks coupled with their inherent reputation of being the SMEs trusted advisors.