Future of SMPs: Lessons from the Crisis and Practice Transformation


English with simultaneous translation into Russian

The coronavirus pandemic has highlighted the need for SMPs to transform their practices to survive and succeed. This transformation demands the rapid adoption of digital technologies and business diversification through the offering of new services.

Salvador Marin, European Federation of Accountants and Auditors for SMEs (EFAA) President will present key lessons for SMPs arising from the crisis including the need to embrace change. Christopher Arnold, Head of SME/SMP and Research at the International Federation of Accountants (IFAC), Monica Foerster, a partner at Confidor, an accounting, tax and law firm in Brazil and Chair of IFAC’s SMP Advisory Group and Alex Peal, a Partner and Head of Audit & Assurance at James Cowper Kreston a SMP accounting practice based in England, will then show how SMPs can make this transformation using IFAC’s ‘Practice Transformation Action Plan – A Roadmap to the Future’ as a guide. Participants will have the opportunity to pose questions.

The recording of the event is available here.
Click here to download the slides.

Introductory remarks Salvador Marin, EFAA President
How to Transform Your Practice Christopher Arnold, Head of SME/SMP and Research, IFAC
Monica Foerster, Partner at Confidor & Chair of IFAC’s SMP Advisory Group
Alex Peal Partner and Head of Audit & Assurance at James Cowper Kreston
Questions & Answers Paul Thompson, EFAA Director
Closing Remarks Paul Thompson, EFAA Director