IFAC Resources & Support for SMPs

There are numerous resources available for small and medium-sized practices (SMPs), many of which are available in multiple languages.

Practice transformation

Resources on practice transformation include articles, research and publications, press releases and links to external content, for example, the Small Business Sustainability Checklist, Small Business Continuity Checklist, and Guide to Practice Management for SMPs. These resources are available on:

https://www.ifac.org/knowledge-gateway/small-and-medium-sized-practices-smps

International standards implementation support

Ethics (International Ethics Standards Board for Accountants [IESBA])

International standards implementation support resources on ethics, include various publications such as Exploring the IESBA Code, on:

https://www.ifac.org/knowledge-gateway/discussion/exploring-iesba-code

Audit & assurance (International Auditing and Assurance Standards Board [IAASB])

Title Resource
Quality Management Toolkit for SMPs and Illustrative Risk Matrix Click Here
Auditing Accounting Estimates: ISA 540 (Revised) Implementation Tool Click Here
The Risk Identification and Assessment Process: Tips on Implementing ISA 315 (Revised 2019) Click Here
Choosing the Right Service: Comparing Audit, Review, Compilation, and AUP Services Click Here
Guide to Review Engagements Click Here
Guide to Compilation Engagements Click Here