IFAC’s SMP Advisory Group acknowledges IAASB in proposing scalable changes to their going concern standard but raises concerns about a heightened expectation gap, increased workload & challenges to the proposed assessment period change. Read here: bit.ly/3EfWStv

🎉Exciting News! We just approved our standard for auditing #LessComplexEntities. The new, stand-alone #LCE standard will be issued following the Public Interest Oversight Board's approval of our due process, which we anticipate in December. 🗓️ #AuditStandards

🎙️ Happy #InternationalPodcastDay! We're celebrating the power of podcasts and their communities. "The Fast Future With IFAC" podcast series features innovative practitioners sharing insights on adapting to our fast-evolving global economy. 🎧 Listen here: bit.ly/SMP-podcast

Did you miss last month’s Corporate Disclosures webinar on our proposed #ISSA5000 and #SustainabilityAssurance? You can easily catch up in a summary article or the webinar recording (free registration is required): bit.ly/3EVXtRi 📚🎥

IFAC is excited to share final video, ‘What is Sustainability Assurance?’, in support of World Investor Week. IFAC Board Member Margrét Pétursdóttir highlights the role of accountants in ensuring accurate non-financial sustainability data. 🎥👉 Watch the video: bit.ly/WhatIsSustaina…

Join us at IFAC 2023 #EdExchange Summit! A free 3-day online event with 2 dozen+ speakers covering integrity from multiple angles. Live interpretation in Arabic, French, Portuguese, and Spanish. 👉 Secure your spot by registering here: ifacedexchange.com

SMP Advisory Group discusses hears from CPA Australia about #training priorities and delivery options for small- and medium-sized practices #practicetransformation. IFAC ifac.org/practicetransf…

SMP Advisory Group discusses IESBA activities and provides input on its projects on #sustainability and use of experts. IFAC ethicsboard.org/consultations-…

SMP Advisory Group provides input on IFAC #sustainability project and assessment of the International Education Standards. education.ifac.org/index.html

Ready to explore our new standard for audits of less complex entities? Dive into the details of the #ISAforLCE on our website and discover the resources we’ve issued to support users: iaasb.org/ISAforLCE #ISAforLCE #AuditStandards #ExploreWithUs

Curious about the use of artificial intelligence in small- & medium-sized practices (SMPs)? 💡 Danielle Supkis-Cheek, SMP Advisory Group Member (American Institute of CPAs), VP at MindBridge, a leader in AI-powered financial risk discovery, shared insights here: bit.ly/UsesofAIforSMPs.

Check out the Chartered Accountant’s Sustainability Roadmap from Chartered Accountants Worldwide.ow.ly/kKOo50QjbcE

Most firm leaders today understand that modernizing and adapting is the real key to "legacy." Business transformation is a process all firms can benefit from to secure a certain and successful future. trib.al/gN76xqL

Mark your calendars! Join IFAC & the International Association for Accounting Education and Research (IAAER) on February 7th at 8AM ET for a webinar on IFAC’s recently published literature review for sustainability reporting & assurance. 🔗👉 Register now: bit.ly/3NZrDYN

🎙️🌍 Explore our latest episode on The Fast Future With IFAC, a podcast series focused on small and medium practices. Dive into a captivating presentation on sustainability by Mark de Lat, an ESG opinion leader. 👉 Click to listen: bit.ly/IFACPodcastEp10

#ICYMI: We’ve proposed a significant strengthening of our standard on auditors’ responsibilities related to #Fraud. Share Your Feedback by June 5, 2024: bit.ly/42tPwO9 #AuditStandards #Transparency #ReportingEcosystem

🎉The IFAC SMP Activities Advisory Group met globally, discussing small and medium practices (SMP) transformation. Thank you to our Advisory Group members for raising awareness and enhancing visibility of both SMPs & Small & Medium-sized Enterprises (SMEs). #IFAC #SMP #SME #Sustainability

Did you miss the IFAC, EFAA for SMEs - European Federation of Accountants and Auditors for SMEs, and Accountancy Europe webinar on our #ISAforLCE? Don’t worry—you can catch up here: bit.ly/3ymDj2Q Key takeaways, adoption journeys and links to the webinar recording.

Happy #MSMEDay! As trusted advisers to these businesses, small- & medium-sized practices (SMPs) have a huge role in shaping the transformation to a sustainable future. We’ve identified four key challenges & opportunities for SMEs & SMPs in a new article: bit.ly/4c613aq

We wanted to inform you that we will be deactivating this account. We are incredibly grateful for all the support and engagement over the years. For future updates & information, please follow us on IFAC. Thank you for being part of our SMP community, stay connected!