Preparing Future-Ready Professionals
Guide to Practice Management for Small- and Medium-Sized Practices
4th Edition
IFAC
May 23, 2018 | Guidance & Support Tools
2468 Pages
ISBN 978-1-60815-350-3
English
All available Translations: Albanian Albanian Catalan Polish Romanian Spanish-Latin America Vietnamese + View All
In Progress Translations: Georgian | Turkish
Welcome to the fourth edition of the IFAC Guide to Practice Management for Small- and Medium-Sized Practices.
The Guide provides comprehensive guidance to help small- and medium-sized practices operate more efficiently in the increasingly complex and competitive global marketplace for professional services. The fourth edition is organized into eight stand-alone modules, with a comprehensive range of topics including:
- Strategic planning
- Practice models
- Firm expansion
- Managing staff
- Leveraging technology
- Client relationship management
- Risk management
- Succession planning
We've updated our Practice Management Guide to reflect changes made to the 2018 International Code of Ethics for Professional Accountants (including International Independence Standards), effective June 2019. The update includes:
- Changes to section 7.2 ‘Professionalism and Ethics within the Firm';
- Information on identifying, evaluating and addressing threats; and
- Available safeguards to reduce threats to an acceptable level.
In order to help member organizations and practices maximize the Guide's use, IFAC provides a companion manual with suggestions on making best use of the Guide.
Note: The full-length version has fully functioning links within modules. Individual modules links don't function between one another or with the full-length document.
4th Edition
Module 1
Module 2
Module 3
Module 4
Module 5
Module 6
Module 7
Module 8
Copyright © 2020 The International Federation of Accountants (IFAC). All rights reserved.
Related Resources
- Discussion Paper, Audits of Less Complex Entities
- IFAC SMP Committee Response to IAASB Strategy Survey
- IFAC SMP Committee Submission to IESBA Fee Questionnaire
- Practice Transformation Action Plan
- Understanding and Communicating Value Creation
