Integrated Reporting for SMEs and the role of SMPs             IFAC Annual Seminar – Cape Town                      14 Nov...
SMEs will soon be pushed to produce integratedreports• Adherence to King III good governance principles• Stakeholder requi...
However, there is significant opportunity awaitingSMEs who adopt an integrated way of thinking           Performance      ...
The process of developing an integrated report candeliver great value to SMEs                          Opportunities      ...
However, the SME mindset doesn’t always lend itselfto integrated thinking and strategisingEntrepreneurial style:•   Action...
This presents a fantastic opportunity for small and    medium practice accounting firmsSupport needed by SMEs:            ...
+27 (0) 82 334 6204    +27 (0) 21 701 1371    +27 (0) 86 689 4641    nicky@mossgroup.co.zawww.mossgroup.co.zaThe MOSS Grou...
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Integrated Reporting for SMEs and the role of SMPs

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Presentation by Nicky van Hille, Director, The Moss Group, during the International Federation of Accountants’ Council Seminar, A Fundamental Shift in Corporate Reporting.

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Integrated Reporting for SMEs and the role of SMPs

  1. 1. Integrated Reporting for SMEs and the role of SMPs IFAC Annual Seminar – Cape Town 14 November 2012 The Confidential 2011 Propriety andreserved MOSS Group | | All rights Confidential 1
  2. 2. SMEs will soon be pushed to produce integratedreports• Adherence to King III good governance principles• Stakeholder requirements: – Customers – particularly listed corporates – Financial institutions Many SMEs, like listed corporates, will probably do so grudgingly. The MOSS Group | Propriety and Confidential 2
  3. 3. However, there is significant opportunity awaitingSMEs who adopt an integrated way of thinking Performance Inextricably linked Gover- nance ↓ Informed decisions Risk ↓ manage- ment Better performance Sustain- Strategy ability The MOSS Group | Propriety and Confidential 3
  4. 4. The process of developing an integrated report candeliver great value to SMEs Opportunities • Mitigate risk and reduce cost • Differentiate products and services • Create or enter new markets • Influence industry standards / norms The MOSS Group | Propriety and Confidential 4
  5. 5. However, the SME mindset doesn’t always lend itselfto integrated thinking and strategisingEntrepreneurial style:• Action-oriented• Constantly readjusting: – Nimble and flexible – BUT often reactive• High risk / high reward with shorter timeframes• Limited funds: – Limited long-term investments• Lean organisations: – Limited time and human resource The MOSS Group | Propriety and Confidential 5
  6. 6. This presents a fantastic opportunity for small and medium practice accounting firmsSupport needed by SMEs: Opportunities for SMPs:• “Big picture” thinking • New business opportunity:• Longer-term views – Additional revenue streams• Risk understanding – Additional capability• Integrated reporting process • Already recognised for ability knowledge with numbers: – Add support on non-financial• Non-financial metrics metrics • More deeply entrenched relationships SMPs should be skilling themselves up to take advantage of this opportunity. The MOSS Group | Propriety and Confidential 6
  7. 7. +27 (0) 82 334 6204 +27 (0) 21 701 1371 +27 (0) 86 689 4641 nicky@mossgroup.co.zawww.mossgroup.co.zaThe MOSS Group | Propriety and Confidential 7 7

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