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.

Supporting the Provision of Effective Business Support to Small- and Medium-sized Enterprises

761 views

Published on

Presentation by Paul Thompson, IFAC Deputy Director, SME & SMP Affairs at the Central and South East Europe Regional Forum for Professional Accountancy Organizations co-hosted with the World Bank in Vienna on June 1, 2012.

Published in: Business
  • Be the first to comment

  • Be the first to like this

Supporting the Provision of Effective Business Support to Small- and Medium-sized Enterprises

  1. 1. Supporting the Provision of Effective Business Support to Small- and Medium-sized EnterprisesPaul Thompson, Deputy Director, SMEand SMP Affairs, IFACPAO Regional ForumVienna, AustriaJune 1, 2012 Page 1 | Confidential and Proprietary Information
  2. 2. Presentation Outline• IFAC Research into Business Advice for SMEs• Implications and Lessons for SMPs – No Change is Not an Option• How Can IFAC and PAOs Help SMPs Adapt?• IFAC’s Initiatives Page 2 | Confidential and Proprietary Information
  3. 3. IFAC Research into Business Advice for SMEs Page 3 | Confidential and Proprietary Information
  4. 4. IFAC Research into Business Advice for SMEs• Paper summarizes global evidence on role of SMPs in providing business support/advice to SMEs• Accountants are preferred source of advice for SMEs• Motivation and reasons for using SMPs – Recognition SMPs face similar compliance requirements as SMEs – Technical competency, trust, proximity and responsiveness – SMEs wanting a one-stop shop Page 4 | Confidential and Proprietary Information
  5. 5. Implications and Lessons for SMPs – No Changeis Not an Option• No one right solution/way• Attracting and training talent• Develop skills/competencies (marketing, technical)• Embrace IT – cloud computing• Consider specialization – type of client or service• Merger and/or form/join referral network (internationalization)• Free up partner time Page 5 | Confidential and Proprietary Information
  6. 6. How Can IFAC and PAOs Help SMPs Adapt?• Position and equip SMPs for change• Raise awareness and promote role of SMPs in providing business advice to SMEs• Thought leadership• Capacity building - resources and tools Page 6 | Confidential and Proprietary Information
  7. 7. IFAC’s Initiatives• Research and polling• Advocacy• Resources and tools – See http://www.ifac.org/about-ifac/small-and-medium-practices- committee/smp-resources-and-tools – Guide to Practice Management for Small- and Medium-Sized Practices – Good Practice Checklist for Small Business – Suite of videos (how to tips) Page 7 | Confidential and Proprietary Information
  8. 8. Thankyouwww.ifac.org/smp Page 8 | Confidential and Proprietary Information

×