Establishing a risk management program and culture is critical to the future success of all firms. Key steps include risk identification, analysis, evaluation, management and monitoring.
Successful risk management for firms is essential to future success. Key steps focus on recruitment, training, delegation, effective systems and management of clients and technology.
Firms of all sizes must create an environment with the features that facilitate audit quality.
SMPs must address the challenges of finding and retaining high-quality staff including setting the right tone at the top.
Monica Foerster, the new Chair of the IFAC Small and Medium Practices Committee, highlights the key activities and projects for the committee in 2017.
Despite all the unpredictability in 2016, the accounting profession was still fairly optimistic—all things considered.
The importance of succession planning, the public policy actions for improving business transfers conditions and the critical support role of professional accountants.