EFAA International Conference 2021
October 22 @ 9:00 am - 4:30 pm
COVID-19: SMPs Recovering Smarter, Stronger, Sustainable
Small- and Medium-Sized Practices Post COVID-19 stand to play a crucial role in helping SMEs recover from the coronavirus crisis, build their resilience and ensure their digital and sustainable transition. For them to be effective in this role will demand they be smarter, stronger and sustainable. SMPs will need to transform their practices by accelerating the adoption of digital technologies and broadening their services. New services may include advisory services related to early warning, insolvency, and sustainability as well as accounting services that include sustainability and non-financial reporting. The SMPs role as trusted advisor to their SME clients will grow ever more important.
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9:30 Salvador Marín, EFAA President,welcome and opening remarks
9:45 Alan Johnson, IFAC President
10:15 Session I: Achieving Sustainability – How can Small- and Medium-Sized Accountancy Practices contribute?
Panellists will discuss the role to be played by SMPs in helping SMEs make the sustainable transition including advice on sustainable practices, accessing sustainable finance and sustainability reporting and assurance.
11:45 Session II: Stronger – Diversifying Service Offering
Panellists will discuss possible ways of supporting SMPs and making them stronger by broadening the range of services small- and medium-sized accountancy practices (SMPs) provide. What are the new services for the future and what kind of skills and qualifications will accountants need to obtain?
13:00 Lunch break
14:30 Session III: Smarter – The Digital Transformation
Panellists will share their experience on the digitalisation of Professional Accountancy Bodies as well as how to effectively support SMPs as they undertake digital transformation.
15:45 Salvador Marín, Conclusions