IFAC welcomes this comprehensive review of IFRS for small- and medium-sized enterprises (SMEs). In principle, we support alignment of IFRS for SMEs with full IFRS Standards. As a basic standard-setting principle we believe the concepts that underpin IFRS and IFRS for SMEs should be the same, notwithstanding that their application may need to be modified to address user needs and capacity constraints of SMEs.
The Fast Future With IFAC is a conversational podcast series that features innovative SMP practitioners sharing how they’re adapting to the rapidly changing global economy.
Episode three features a conversation with Andrew Van De Beek, a member of the Chartered Accountants of Australia and New Zealand (CAANZ). His firm, Illumin8, is based on the Mornington Peninsula near Melbourne, Australia.
IFAC principal Kristy Illuzzi spoke with Andrew about a range of pressing topics for SMPs, including:
Choosing technology investments
Cybersecurity
Workplace culture and mental health
Achieving practice transformation
Click below or visit IFAC's iTunes podcast channel to listen to this episode. Be sure to subscribe to catch our next conversation with an innovative practitioner, coming soon.
The Fast Future With IFAC is a conversational podcast series that features innovative small- and medium-sized practitioners sharing how they’re adapting to the rapidly changing global economy.
Episode Two features our recent discussion with Ron Baker, an American professional accountant and an eminent leader in the field of value pricing. He has spoken, written, and taught on the subject around the world since 1995. He hosts his own podcast, The Soul of Enterprise: Business in the Knowledge Economy, and is co-founder of the VeraSage Institute, a think tank dedicated to educating professionals internationally.
Our host, IFAC principal Kristy Illuzzi, spoke with Ron about many pressing issues facing SMPs, including:
Deepening relationships with clients
Pricing value rather than costs
Disruptions to business models
Subscription pricing
Talent attraction and retention
Click below or visit IFAC's iTunes podcast channel to listen to this episode. Be sure to subscribe to catch our next conversation with an innovative practitioner, coming soon.
The Fast Future With IFAC is a conversational podcast series that features innovative SMPs sharing how they’re adapting to the rapidly changing global economy.
Episode one features an interview with Amela Kmetas, a member of the Chartered Accountants of Australia and New Zealand (CAANZ). Her small firm in Melbourne, Australia specializes in taxation advice, management accounting, budgeting, and bookkeeping.
Our host, IFAC principal Kristy Illuzzi, spoke with Amela about many pressing issues facing the SMPs, including:
The impact of technological advances on the firm’s business model
The firm’s experience with cybersecurity
Covid-19’s effect on the firm, its clients, and its employees
Advisory services
Recruiting and hiring
Visit IFAC's iTunes podcast channel or click below to listen to this episode of The Fast Future With IFAC.
Stay tuned for our next conversation with an innovative practitioner, coming in March.
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.
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
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.
