Speaking for SMPs

Representing and advocating on behalf of SMPs while promoting their visibility and recognition in Europe. Our key objective is ensure a level playing field in the market for professional services and broad recognition, by regulators, policy makers, business and the wider public, of the key role that SMPs play in providing high quality services. These services range from accounting and assurance through to business advisory and tax and are provided primarily to small- and medium-sized entities (SMEs).

EFAA’s EU Professional Regulation Expert Group (PREG) meets regularly to develop policy positions and responses to European Commission public consultations as well as committees of the European Parliament

Below is the archive of policy positions and responses to public consultations as well as events held to project our voice. A compendium of all key positions, including those relating to professional standards, is available here.

The PREG is chaired by EFAA President, Salvador Marin, and the members are listed here.

15/01/2026
EFAA for SMEs – Position Statement on the EC Communication on the Single Market Strategy
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17/12/2025
Challenges of Auditors of Less Complex Entities (LCEs) in particular SMPs Guide I: Context and Institutional Challenges for LCE Auditors with a focus on SMPs
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17/12/2025
EFAA for SMEs – Position Statement International Standard on Auditing for Audits of Financial Statements of Less Complex Entities (ISA for LCE)
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21/11/2025
EFAA Responds to Survey on VSME Market Acceptance
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30/10/2025
EFAA Report: The Professional Accountant
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29/09/2025
EFAA Responds to EFRAG’s Public Consultation Survey on the Amended ESRS Exposure Draft
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25/09/2025
EFAA responds to the EU Commission’s Consultations in the Context of Digital Markets Act (DMA) First Review
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08/08/2025
EFAA comments on the proposed revisions to the IFAC Statements of Membership Obligations (SMOs)
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EFAA responds to IAASB’s Request for Comments in the EM for the ED, Proposed Narrow-Scope Amendments to IAASB Standards Arising from the IESBA’s Using the Work of an External Expert Project
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30/06/2025
EFAA Replies to the Exposure Draft: Amendments to Greenhouse Gas Emissions Disclosures—Proposed amendments to IFRS S2
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08/05/2025
EFAA for SMEs – Position on Impact of recent EU Omnibus Proposals on SMPs and SMEs
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03/10/2024
The Future of European Competitiveness: The Role and Transformation of SMPs
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