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This article was first published in the October 2011 edition of Accounting and Business magazine

The Small and Medium Practices Committee of the International Federation of Accountants has issued an updated version of its Guide to Quality Control for Small and Medium-Sized Practices. The guide is designed to help SMPs implement International Standard on Quality Control (ISQC) 1. The third edition contains enhancements to the sample manuals and other refinements for clarity and consistency with ISQC 1.

Last updated: 18 Mar 2014