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

 

Small Business Matters

by Henry Irving, Head of Audit and Assurance Faculty, ICAEW | January 21, 2015 |

The first report from the ICAEW’s Small Business Matters Program, The 99.9%: Small- and Medium-Sized Businesses, takes a close look at the small business community and their use of accountancy services. Read More

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Perspectives on Strengthening Small-and Medium-Sized Practices (SMPs): Parts One and Two
by Giancarlo Attolini, Chair, IFAC SMP Committee | January 13, 2015 |

In Parts One and Two of a nine-part video series, IFAC SMP Committee Chair Giancarlo Attolini discusses the importance of SMEs to the global economy, the role of accountants as trusted business advisors, and the use and benefits of engagements to review historical financial statements, including relevant guidance. Read More

 3 Recommended


The Evolving Advisory Role of SMPs in Supporting the Internationalization of SMEs
by Paul Thompson, Director, Global Accountancy Profession Support, IFAC and Robin Jarvis, Professor of Accounting, Brunel University | December 18, 2014 |

In today’s global economy, small- and medium-sized entities (SMEs) are increasingly expanding their operations beyond their home jurisdictions, and they are looking to their accountants for support. As trusted business advisors, accountants can play a key role in supporting the internationalization of their SME clients. Read More

 2 Recommended


It’s All about Culture—And Culture Starts at the Top
by Carla M. McCall, Co-President Alexander Aronson Finning CPAs | December 1, 2014 |

Carla M. McCall, Co-President Alexander Aronson Finning CPAs, provides insights into some of the features that make for a winning corporate culture. Read More

 1 Recommended


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

 3 Recommended

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