Practice Management

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Practice Management

To help improve the management and operational efficiency of practices, especially small- and medium-sized accountancy practices (SMPs), this area is intended to help those managing practices to address opportunities and challenges; improve their competitiveness, profitability, and sustainability; enhance their expertise, competence, and efficiency; create an environment conducive to the provision of high-quality services; and showcase global best practices and latest practice management techniques. Read More

 

Growing Your Practice: Agreed-Upon Procedures Engagements

by Dawn McGeachy, IFAC SMP Committee Member & Chair of the Implementation Guidance Task Force and Christopher Arnold, Technical Manager, SME & SMP Affairs, IFAC | October 28, 2014 | 1

Recognizing that agreed-upon procedures engagements have the potential to be an attractive and fast-growing service offering to SMEs, the IFAC SMP Committee is interested in how these engagements are being performed under ISRS 4400, Engagements to Perform Agreed-Upon Procedures Regarding Financial Information. Read More

 2 Recommended


Carbon Accounting for Small Businesses: How Accountants Can Help Everyone Be Greener
by David York, Head of Auditing Practice, ACCA | September 24, 2014 |

New guidance from the ACCA is intended to help accountants advise SMEs on how to establish and operate carbon accounting. Read More

 1 Recommended


The Evolution of an Accounting Practice: The Impact of Technology
by Giancarlo Attolini, Chair, IFAC SMP Committee and Paul Thompson, Director, Global Accountancy Profession Support | September 24, 2014 |

IFAC SMP Committee Chair Giancarlo Attolini interviews five committee and IFAC Board members on the technologies that have and will most impact them. Read More

 2 Recommended


How Accounting Practices Can Support the Globalization of Small Business
by Stuart Black, IFAC SMP Committee Member and Paul Thompson, Director, Global Accountancy Profession Support, IFAC | August 19, 2014 |

Small businesses are going global, and their accountants can help them on the journey; a look at recent surveys and trends, plus nine recommendations to help accountants enhance their ability to provide international services. Read More

 1 Recommended


Monitoring and Benchmarking Key Performance Indicators: Part Two
by Stuart Black, IFAC SMP Committee Member, and Paul Thompson, IFAC Director, SME & SMP Affairs | August 5, 2014 |

Part One of this two-part series looked at how to select key performance indicators; Part Two looks at benchmarking and using the data. Read More

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