PracticeAccounting FirmsIFAC looks to help SMEs through downturn

IFAC looks to help SMEs through downturn

International accountancy body to study how profession can help smaller businesses during credit crunch

Accountancy’s global leaders are putting together plans to address the needs
of small practices and SMEs hard hit during the global downturn.

The International Federation of
Accountants
’ board met in New York last week to discuss the current
financial and economic crisis and explore how the profession’s expertise could
be used to alleviate the situation. A large part of the discussions focused on
how to help smaller business entities both inside and outside practice.

Board members approved a process for exploring how IFAC can support this
sector and the first proposals from this endeavour should be presented to the
board in June. All IFAC members and associates, regional accountancy
organizations, firms and professional accountants will be invited to provide
their input.

‘There was broad agreement that now, more than ever, our profession must be
unified in our approach to addressing economic issues,’ said IFAC President
Robert Bunting. ‘IFAC is working closely with its member organisations to
determine the best way forward in addressing matters related to the crisis.’

Related Articles

Sexual harassment – is accountancy next for #MeToo?

Accounting Firms Sexual harassment – is accountancy next for #MeToo?

1d Karen Baxter, Lewis Silkin
Johnston Carmichael CEO appointed as ICAS president

Accounting Firms Johnston Carmichael CEO appointed as ICAS president

3w Emma Smith, Managing Editor
British Accountancy Awards 2018 – entries open!

Accounting Firms British Accountancy Awards 2018 – entries open!

1m Emma Smith, Managing Editor
Is the accountancy sector facing an international talent crisis?

Accounting Firms Is the accountancy sector facing an international talent crisis?

1m Lewis Silkin
RSM appoints new Chief Operating Officer

Accounting Firms RSM appoints new Chief Operating Officer

1m Alia Shoaib, Reporter
RSM announces 11 partner promotions

Accounting Firms RSM announces 11 partner promotions

2m Emma Smith, Managing Editor
BDO hires former AstraZeneca creative director as head of digital and innovation

Accounting Firms BDO hires former AstraZeneca creative director as head of digital and innovation

2m Emma Smith, Managing Editor
What does the future hold for listed accountancy firms?

Accounting Firms What does the future hold for listed accountancy firms?

2m Fergus Payne, Lewis Silkin