Small- and medium-sized practices (SMPs) have an important role to play in supplying professional services to their small- and medium-sized enterprise (SME) clients. Understanding the range, requirements and benefits of available professional services is essential for practitioners and SMPs to be able to tailor the various services to meet the needs of their SME clients, as well as helping them to choose the right service for their needs.
This group challenge was developed to facilitate the EU-REPARIS Audit Training of Trainers program and enables participants to practice their client relationship skills and cross-selling techniques. By engaging in the simulated client meeting, participants are provided with an opportunity to practice these skills in a simulated face-to-face client meeting and thus tackle and solve some real life business situations and problems.
Traditional audit methods served auditors for decades but as technology advances and stakeholders’ expectations evolve, so does the need for auditors to innovate and transform their approaches in order to keep pace with demand. This publication describes some of the opportunities that new technologies, especially the use of audit data analytics, can offer for audits of entities of all sizes. It also provides a few tips which might be useful for practitioners, Small and Medium Sized Practices (SMPs) and Professional Accountancy Organizations (PAOs) as they support their members.
Smaller audits are considered “a specialty”, with their own unique set of challenges for practitioners to address when engaging with smaller clients. This publication highlights some of those challenges and provides related insights that might be useful for practitioners, Small and Medium Sized Practices (SMPs) and Professional Accounting Organizations (PAOs) as they support their members.
On September 16, within the frames of the World Bank and the European Union joint Project – Financial Inclusion and Accountability, the World Bank held another webinar for SMPs on Future of SMPs: Practice Marketing and Communications.
Following the webinar Small and Medium-Sized Practices Rising to Coronavirus Challenge on 29 May 2020, the EU and WB joint Georgia Financial Inclusion and Accountability Project, with support from SARAS and the Georgian professional accountancy organizations (PAOs), conducted a survey of small and medium-s
On April 15, within the frames of the European Union-World Bank joint Financial Inclusion and Accountability Project, the World Bank held an online meeting on ‘Future of SMPs: Business Diversification Through Offering New Services’.
On March 4, within the frames of the European Union-World Bank joint Financial Inclusion and Accountability Project, the World Bank held an online meeting on - “Future of SMPs: Digital Transformation”.
Representatives of 20 regional and national Professional Accountancy Organizations (PAOs) met in Vienna on 31 May 2017, with experts from the World Bank’s Centre for Financial Reporting Reform (CFRR) and the International Federation of Accountants®(IFAC®), to discuss ways to address the challenges facing small and medium-sized practices (SMPs) and small and medium-sized entities (SMEs) as well as the opportunities available to them.
This session showcased a possible example how Small and Medium Sized Practitioners (SMPs) can employ data analytics solutions to add value to their Small and Medium Enterprise (SME) clients and shared further insights and relevant considerations for SMPs in the area of audit data analytics. The session also provided preliminary insight into the responses to the International Auditing and Assurance Standards Board (IAASB) Data Analytics Working Group (DAWG) on its Request for Input “Exploring the Growing Use of Technology in the Audit, with a Focus on Data Analytics”.