In this IFAC Gateway Roundtable Series, members of the IFAC Small and Medium Practices Committee discuss the challenges of attracting new clients, creating new services, and adapting to technological change – most importantly, how the data in the IFAC Global SMP Survey can help shed light on these issues.
Part I: Clients and Competition
In part one of this roundtable, the IFAC Global SMP Survey and its results are briefly introduced and discussed. The panel addresses questions around how SMPs can attract new clients and respond to the challenges of competition.
Part II: Advisory and Consulting Services
In part two of this roundtable, the panel discusses what new and existing advisory and consulting services SMPs should consider providing. In addition, they discuss the factors that SMPs should think through before establishing such services.
Part III: SMPs Must Adapt to Rapid Technological Change
In part three of this roundtable, the panel discusses the opportunities presented by technological change and how SMPs can adapt to challenges in the future.
Learn more about the results of the IFAC Global SMP Survey by reading the Viewpoint IFAC Global Survey Gives Insights into Challenges, Opportunities, Economic Health of Small- and Medium-Sized Accountancy Practices and their SME Clients on the IFAC Global Knowledge Gateway.