Support is being offered by ACCA (the Association of Chartered Certified Accountants) to IFAC’s (International Federation of Accountants) Small and Medium Practices Forum, which is working to tackle the challenges and opportunities Small and Medium Enterprises (SMEs) and Small and Medium Practices (SMPs) face in an ever-changing global operating environment.
ACCA, the global body for professional accountants, backs the Forum’s aims to discuss the hot issues faced by SMPs, which were placed centre stage recently at IFAC Forum’s sixth annual meeting in Singapore.
ACCA particularly agrees with IFAC’s SMP Committee chair - Giancarlo Attolini - that when small businesses prosper, this also helps the economies to flourish as well.
Mark Gold, chair of the ACCA’s Global Forum for SMEs, one of 10 worldwide assemblies that bring together expertise from all sectors around the world, tackling issues of vital importance to the finance profession and business, says: 'It is pleasing to see that IFAC and the Singapore accountancy body ICPAS have placed SMPs high on the agenda and engaging with SME stakeholders will be critical in this work.
'When ACCA set up its own SME Global Forum last year, we aimed to bring experts together to identify the needs of SMEs around the world and campaign for policy makers to put this sector at the forefront of public policies. ACCA will continue to support IFAC in highlighting how vital SMPs are in their support of a sustainable SME sector.'