Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
Page 1 | Confidential and Proprietary Information
EMPOWERING ASIA’S SMALL &
MEDIUM BUSINESS HUB
Opportunities & Challenges...
Page 2 | Confidential and Proprietary Information
IFAC Global SMP Survey 2015 – About I
• 6,725 respondents from
169 count...
Page 3 | Confidential and Proprietary Information
IFAC Global SMP Survey 2015 – About II
Objectives:
1) Annual global rese...
Page 4 | Confidential and Proprietary Information
• Top 3 regions
– Europe 41%
– Asia 26%
– Africa 15%
• Majority of respo...
Page 5 | Confidential and Proprietary Information
Top 3 challenges SMPs in Asia (high/very high):
• Serving Clients Operat...
Page 6 | Confidential and Proprietary Information
Practice Fee Revenue Asia (2015 v. 2014):
• Majority SMP revenues in 201...
Page 7 | Confidential and Proprietary Information
Practice Fee Revenue Asia (2016 v. 2015):
• Majority SMPs in Asia believ...
Page 8 | Confidential and Proprietary Information
Membership in Network, Association, or Alliance Asia:
• 29% of SMPs belo...
Page 9 | Confidential and Proprietary Information
Top SME Challenges Asia (high/very high):
• Rising Costs (51%)
• Economi...
Page 10 | Confidential and Proprietary Information
Change in SME Clients Revenue Asia (2015 v. 2014):
• Decreased (46%)
• ...
Page 11 | Confidential and Proprietary Information
• News, views, resources,
thought leadership
• www.ifac.org/Gateway
• T...
Page 12 | Confidential and Proprietary Information
• IFAC SMP Committee: www.ifac.org/SMP
• Follow us on Twitter: IFAC_SMP...
Upcoming SlideShare
Loading in …5
×

Opportunities & Challenges for SMPs Session 1

612 views

Published on

Presentation by Paul Thompson, IFAC Director Global Accountancy Profession Support, for SCA Sri Lanka-SAFA-IFAC SMP Regional Forum, January 26, 2016.

Published in: Business
  • Be the first to comment

  • Be the first to like this

Opportunities & Challenges for SMPs Session 1

  1. 1. Page 1 | Confidential and Proprietary Information EMPOWERING ASIA’S SMALL & MEDIUM BUSINESS HUB Opportunities & Challenges for SMPs Session 1 Paul Thompson, IFAC Director Global Accountancy Profession Support CA Sri Lanka-SAFA-IFAC SMP Regional Forum January 26, 2016
  2. 2. Page 2 | Confidential and Proprietary Information IFAC Global SMP Survey 2015 – About I • 6,725 respondents from 169 countries • Available in 22 languages • Report published Feb 2016 www.ifac.org/smp
  3. 3. Page 3 | Confidential and Proprietary Information IFAC Global SMP Survey 2015 – About II Objectives: 1) Annual global research about SMPs 2) Inform strategic objectives for IFAC & Member Organizations (country specific results available) 3) Raise visibility of SMPs and their SME clients
  4. 4. Page 4 | Confidential and Proprietary Information • Top 3 regions – Europe 41% – Asia 26% – Africa 15% • Majority of responses from – Sole practitioners (39%) – Practices with 2-5 staff (32%) IFAC Global SMP Survey 2015 – About III 41% 26% 15% 8% 5% 3% 2%
  5. 5. Page 5 | Confidential and Proprietary Information Top 3 challenges SMPs in Asia (high/very high): • Serving Clients Operating Internationally (52%) • Attracting New Clients (48%) • Differentiating from Competition (46%) Next 5 Years in Asia: • Competition (45%) • Regulatory Environment (44%) IFAC Global SMP Survey – Highlights I
  6. 6. Page 6 | Confidential and Proprietary Information Practice Fee Revenue Asia (2015 v. 2014): • Majority SMP revenues in 2015 increased moderately or stayed same – Larger the practice – more likely to report increase IFAC Global SMP Survey – Highlights II Service Increased Moderately Stayed the Same Accounting, Compilation and Other Non- assurance Related Services 23% 37% Tax 23% 32% Advisory and Consulting 27% 35% Audit and Assurance 29% 32%
  7. 7. Page 7 | Confidential and Proprietary Information Practice Fee Revenue Asia (2016 v. 2015): • Majority SMPs in Asia believe revenues in 2016 in all areas expected to increase, the most: – Advisory & Consulting (46%) – Audit & Assurance (42%) • Tax planning (51%), corporate advisory (48%), management accounting (37%) most common in 2015 IFAC Global SMP Survey – Highlights III
  8. 8. Page 8 | Confidential and Proprietary Information Membership in Network, Association, or Alliance Asia: • 29% of SMPs belong to a network, association, or alliance • 30% are considering joining one • 41% are not members • Larger SMP more likely IFAC Global SMP Survey – Highlights IV
  9. 9. Page 9 | Confidential and Proprietary Information Top SME Challenges Asia (high/very high): • Rising Costs (51%) • Economic Uncertainty (49%) • Competition (48%) IFAC Global SMP Survey – Highlights V
  10. 10. Page 10 | Confidential and Proprietary Information Change in SME Clients Revenue Asia (2015 v. 2014): • Decreased (46%) • Stayed the same (18%) • Increased (26%) IFAC Global SMP Survey – Highlights VI
  11. 11. Page 11 | Confidential and Proprietary Information • News, views, resources, thought leadership • www.ifac.org/Gateway • Ten topic areas incl. Practice Management • Contact: gateway@ifac.org Global Knowledge Gateway Resources
  12. 12. Page 12 | Confidential and Proprietary Information • IFAC SMP Committee: www.ifac.org/SMP • Follow us on Twitter: IFAC_SMP • IFAC Global SMP Survey www.ifac.org/smp • Join us on LinkedIn: IFAC SMP Community • Global Knowledge Gateway www.ifac.org/Gateway IFAC Resources

×