New SME scheme unveiled by Institute

Small businesses will be able to get ‘expert finance advice’ after the ICAEW
launched its SME
Funding Adviser Scheme

The ICAEW said the scheme was set up in response to a government initiative,
and aims to ensure businesses have access to a wide choice of independent
professional advisers across the UK on a whole range of business finance

In 2004
Government and Accountants Working Group
report ‘Facilitating Finance’
recommended the introduction of a mechanism to ensure the easy identification of
specialist and experienced finance advisers, particularly for SMEs.

To date 1,900 ICAEW firms have signed up to the new scheme registering the
specialisms their practice offer.

chief executive of the ICAEW, said: ‘I am delighted that the Institute
is the first professional body to establish this scheme. Our research shows that
accountants are the most frequently consulted source of external business advice
by businesses.’

Further reading:

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Regulators soften Sarbox for SMEs

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