Illustrating the important relationship between small- and medium-sized practices (SMPs) and their clients—primarily small- and medium-sized entities (SMEs)—the report examines:
The Institute of Chartered Accountants of Jamaica (ICAJ), with support from the International Federation of Accountants (IFAC), will hold a regional SMP Forum on May 3 to bring practitioners from small- and medium-sized accountancy practices (SMPs) together for a day-long seminar to focus on audit quality and how practitioners can build a successful practice.
When/Where? The event will be held May 3, 2016, at the Jamaica Pegasus Hotel in Kingston, Jamaica.
What? An international and regional line-up of subject matter experts will steer the forum and share important insights on pertinent areas of audit quality and practice management.
The line-up of speakers includes:
Bruce Scott, President, Institute of Chartered Accountants of Jamaica
Paul Thompson, Director, IFAC Global Accountancy Profession Support
Monica Foerster, Deputy Chair, IFAC SMP Committee
George Willie, Member, IFAC SMP Committee
Who Should Attend? The forum is open to accounting practitioners, as well as other professionals, who work directly or indirectly with SMP/SME affairs.
Why? The event will examine the structure of the ISA™ pronouncements and how they can be applied proportionately. Additionally, the forum will include a session on building a successful practice, including evolving to be future ready and building capacity to offer to advisory services. Both sessions will include an overview of relevant guidance, including the IFAC Guide to Practice Management.
See the ICAJ Forum page for more information as the event date approaches.
The Summary of the IFAC Global SMP Survey: 2015 Results provides highlights from the full-length report, including select notable variations by region and size of practice.
The 2015 IFAC Global SMP Survey asked practitioners operating in small- and medium-sized practices (SMPs) a number of questions about the challenges they face, the market factors most likely to affect them in the future, the consulting services they provide, and their performance, both in 2015 and projected for the year ahead. In addition, respondents were asked about their small- and medium-sized entity (SME) clients, including questions around the challenges they face and the extent of their engagement in international activities.
