Edinburgh Group report examines the future of SMPs

Published date: January 25, 2019

CAPA is pleased to introduce to member organisations a global research report commissioned by the Edinburgh Group – a coalition of 16 accountancy bodies from across the world. The report, titled ‘The SMP of the Future in a Changing World’, examines the landscape ahead for the accountancy profession as well as offers recommendations for small to medium-sized practitioners (SMPs) and professional accountancy organisations (PAOs) about how they can collaborate and build better working relationships together.

According to Edinburgh Group, the report is based on an SMP survey, which gave over 1,000 responses from 52 countries, alongside interviews with key staff in Edinburgh Group PAOs and a series of SMP case studies. It also includes a review of other academic research into SMPs.

CAPA Chief Executive, Brian Blood, said, “One of CAPA’s mission is to contribute to the development of PAOs, and we often do this by sharing relevant knowledge and resources with our members. Hence, we would like to recommend this report to our members and any other PAOs that may find it useful. CAPA is also appreciative of the opportunity to disseminate the Edinburgh Group’s SMP survey to our members, allowing PAOs from the Asia-Pacific region to contribute their responses,” he added.

“Many CAPA members are interested in SMP related matters, and as a publication aimed at PAOs, it is extremely relevant since PAOs around the region have large numbers of SMP members,” said CAPA President, Manoj Fadnis, whom was also a former Chair and member of the SMP Committees of the South Asian Federation of Accountants (SAFA) and International Federation of Accountants (IFAC) respectively.

For more information about the ‘SMP of the Future’ report, visit the Edinburgh Group website or access this direct URL: http://www.edinburgh-group.org/news-and-events/news/2019/02/smp-of-the-future.aspx