A Memorandum of Understanding was signed between the two organisations
11 March 2021 – EFAA for SMEs is now an IFAC Network Partner. The Boards of both the International Federation of Accountants (IFAC) and of EFAA for SMEs have approved the Memorandum of Understanding between the two organisations, which has now been signed. It regulates our relationship and coordination. The MoU foresees that the two organisations identify and regularly review those areas of strategic interest where their activities need to be coordinated. EFAA President Salvador Marin says: “I strongly believe that this will reinforce the role which EFAA for SMEs plays as the voice of small- and medium-sized practices (SMPs).”