SMPs face many challenges, from competition and regulatory changes to digital technology advances and staffing issues—Global research from the Edinburgh Group suggests how SMPs and their professional accountancy organizations can respond for a...
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Enhancing Quality Management–Your Views Are Important
by Klaus Bertram, a member of IFAC SMP Committee and Managing Partner of Delta Revision GmbH based in Mannheim, Germany and Johnny Yong, Technical Manager, Global Accountancy Profession Support, IFAC | June 17, 2019
A series of linchpin standards on Quality Management is being proposed following the release of the three EDs in February. It is important for the IAASB to get it right. PAOs and firms, especially the small & medium practices (SMPs) must seize...
Strengthening Our Membership through Toastmasters
by Naeem Akhtar Sheikh, PAODC Member and Past President, ICAP and SAFA | June 17, 2019
ICAP encouraged its members to form a Toastmasters club to raise awareness amongst new and existing members on the need to develop and enhance communication and leadership skills.
Encouraging Successful Exit Strategies–Passing the Baton
by Christopher Arnold, Head of SME/SMP and Research, IFAC and Monica Foerster, Chair, IFAC SMP Committee | June 7, 2019
The importance of succession planning, the public policy actions for improving business transfers conditions and the critical support role of professional accountants.
Dealing with Ethical Dilemmas with Confidence
by Erica Steenwijk, Policy Advisor, Netherlands Institute of Chartered Accountants and Stathis Gould, Deputy Director, Professional Accountants in Business, IFAC | June 6, 2019
Doing the right thing is as important as being a technical expert. To this end, accountants in business need to be conscious of how they influence ethical business culture.
Investigation and Discipline in Mauritius: Making Change Through Cooperation
by Sudhir Newaj, Chief Executive Officer, MIPA | June 6, 2019
As part of enhancing member and public confidence, Mauritius Institute of Professional Accountants took to revising their investigation and discipline process through several collaborative measures.
New Zealand: Scenery, and 30 Years of Strong PFM
by Ian Ball, Professor of Public Financial Management, Victoria University of Wellington | May 20, 2019
Experience in New Zealand demonstrates the value to governments of fully employing the professional skills of accountants, rather than only using them to construct financial statements which reflect, but do not impact, key financial decisions.
Trends in Disclosing Non-Financial Information
by Antoni Gómez, Chairman of Auren & IFAC SMP Committee Member | May 17, 2019
Companies and other organizations disclose information to a wide range of stakeholders and, for many of them, non-financial information is of more interest than financial information.
Cybercrime Threatens Trust in Business – How Accountants Can Help
by Sylvia Tsen, Executive Director, Knowledge, Operations and Technology, IFAC and Stathis Gould, Deputy Director, Professional Accountants in Business, IFAC | May 16, 2019
Cybercrime threatens trust and transparency in business and governments on a daily basis. As a customer, taxpayer, supplier or other stakeholder, we ask ourselves whether we can trust an organization to effectively secure our data.