The 2014 IFAC Global SMP Survey found a number of challenges facing SMPs and their SME clients, and highlighted key factors in the rapidly changing business environment to which accountants will need to adapt.
Collaboration comes in many forms and can lead to new opportunities for accountants and SMPs.
In this IFAC Gateway Roundtable Series, members of the IFAC Small and Medium Practices Committee discuss the challenges of attracting new clients, creating new services, and adapting to technological change–most importantly, how the data in the IFAC Global SMP Survey can help shed light on these issues.
The 2015 IFAC Global SMP Survey indicates that changes in technology, globalization, competition, and regulation are together making business more and more complex.
Constant progress in the technology, information, and communications systems affects all companies—including professional service firms.
While bracing for the change technology brings, firms, especially small- and medium-sized practices, need to also embrace the opportunities it brings.