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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Examining International Perspectives on Digitalization of Tax
by David Lyford-Smith, Technical Manager, IT & The Profession, IT Faculty, ICAEW and Ian Young, Technical Manager, International Tax, ICAEW | March 18, 2019
ICAEW synthesizes a holistic review of the processes of digitalization, taking into account the needs of various stakeholders, whether they be taxpayers individual or corporate, the government, tax professionals, or even software vendors.
IFAC Webinar: Raising Awareness on the 2018 Code of Ethics
by IFAC PAO Development Committee & The International Ethics Standards Board for Accountants | March 18, 2019
Professional accountancy organizations have the opportunity to ensure stakeholders and the public truly understand the importance of this foundation and the profession’s value, especially in light of upcoming changes from the International Ethics...
The IAASB’s Enhancements to Quality Management
by Joy Thurgood Principal, IAASB | March 15, 2019
The IAASB recently released for public comment three interrelated exposure drafts that address quality management—The proposals bring important changes to the way professional accountancy firms are expected to manage quality—for audits, reviews...
Balance for Better!
by Elena Churikova, Senior Manager, Governance, IFAC | March 7, 2019
On March 8, IFAC joins the international community to celebrate International Women’s Day—we could not think of a better way to mark this day than to ask strong female leaders in our profession to share their success stories, here is what they...
How SMEs Can Supercharge Their Growth Potential
by Ben Baruch, Head of SME Policy, ACCA | March 4, 2019
SMEs can experience wider success by adopting some of the practices of high growth businesses. A new global research report from ACCA explores the potential for a larger proportion of the global SME population to increase productivity gains,...
Five Necessary Elements to Build a Fintech Hub
by Kirstin Gillon, Technical Manager, IT Faculty at ICAEW | March 4, 2019
The Institute of Chartered Accountants in England and Wales and the Institute of Singapore Chartered Accountants have been looking at Fintech to understand what underpins innovation.
How Do European SMPs Compare to the Global Picture
by Johnny Yong, Technical Manager, Global Accountancy Profession Support, IFAC and Paul Thompson, Director, European Federation of Accountants and Auditors for SMEs | March 4, 2019
What can small- and medium-sized accountancy practices in Europe learn from the IFAC Global 2018 SMP Survey—We compare survey findings from Europe to the global results.
How SMPs Can Invest in Technology
by Samantha Mansfield, Director of Professional Development & Community, CPA.com | February 18, 2019
Investing in technology is crucial for small- and medium-sized practices’ future success—but many firms face the challenge of high-cost, high-level investment in order to keep pace.