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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
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This article summarizes a presentation by Tim Gullifer, former president of the Institute of Chartered Accountants in Australia. In it, he explains the need for accountants to create a digital strategy, consider client adoption of technology, and move 100 percent of internal systems to the cloud.