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International Federation of Accountants
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Information SharingInformation Sharing
Alex Hillman, Small and Medium Practices (SMP) Committee Member
IFAC SMP Forum 2009IFAC SMP Forum 2009
Beijing, ChinaBeijing, China
October 28, 2009October 28, 2009
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AgendaAgenda
• SMP/SME Objectives
• IFAC Website
• International Center for SMPs
• IFACnet
• Online SMP Networking Center
• Conclusion
Agenda
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SME/SMP ObjectivesSME/SMP Objectives
• Helping member bodies to help their SMPs
• Helping to shape form and content of international standards
• Provide practical support for SMPs
• Increase capacity of SMPs to perform high quality work through networking and web-based resources
• Help to remain relevant
SMP/SME Objectives
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IFAC WebsiteIFAC Website
• Expecting 600,000+ visitors
• 220+ countries in 2009
Overview
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IFAC WebsiteIFAC Website
• Global Financial Crisis Resource Center - http://www.ifac.org/financialcrisis
• Online exposure draft comments submission - http://www.ifac.org/Guidance/EXD-Outstanding.php
• Translations Database - http://www.ifac.org/Translations/
• IAASB Clarity Center - http://web.ifac.org/clarity-center/index
• IESBA Resources - http://www.ifac.org/Ethics/Resources.php
Recent Improvements
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IFAC WebsiteIFAC Website
• Significant redesign
• Enhanced publications section
– site navigation
– functionality
– accessibility
Future Developments
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International Center for SMPsInternational Center for SMPs
• See http://www.ifac.org/SMP/
• IFACnet portal
• SMP Committee activities
• Translation from English into 5 UN languages: Arabic, Chinese, Spanish, French, Russian
• Expecting 10,000+ visitors in 2009
Overview
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International Center for SMPsInternational Center for SMPs
• Free quarterly electronic newsletter
• Updates on IFAC projects, other global developments and special features
• 10,000+ subscribers within 2 years of launch
SMP eNews
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International Center for SMPsInternational Center for SMPs
• To free tools/guidance from member bodies and others
• Assurance/accounting, business support, practice management, business overseas, & IT
• To IFAC resources
– IAASB Clarity Center
– Translations Database
– Global Crisis Resource Center (SME/SMP)
Links
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International Center for SMPsInternational Center for SMPs
• SpeechesSpeeches
• Material from past eventsMaterial from past events
• SMP/SME Discussion BoardSMP/SME Discussion Board
– For exchanging views on topical issues (e.g., For exchanging views on topical issues (e.g., coping with credit crisis, client retention)coping with credit crisis, client retention)
– For eliciting input to draft IFAC standards For eliciting input to draft IFAC standards (e.g., alternative assurance services)(e.g., alternative assurance services)
Other
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International Center for SMPsInternational Center for SMPs
• Over 80 member bodies responded
• Main relevant survey findings
• Awareness/Usefulness of Existing Web-based Resources/Tools
– Useful but limited awareness
– How to help member bodies raise awareness? Via presentations, articles etc
SMP Survey
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International Center for SMPsInternational Center for SMPs
• Possible new web-based resources/tools
– Online database of materials supporting implementation of IFAC standards – strong support
– Online SMP networking center and online professional education center - less strong support
SMP Survey
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Online SMP Networking Center
• Communication between SMP to SMP and SMP to others
• Purpose
– Exchange of information and experience
– Backing for international clientele
– Answering technical queries
– Forming informal referral networks
Online SMP Networking Center
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IFACnetIFACnet
• See http://www.ifacnet.com
• Customized web search engine providing access to resources of IFAC & member bodies (40+)
• Non-member body websites (external providers):
– FEE, PIOB, IASB & IAAER included
– Others to follow soon
• Expecting 70,000+ visitors in 2009
• Member bodies & firms can link to it
Overview
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ConclusionConclusion
• Please see for yourself
• Please subscribe to SMP eNews
• Please communicate what we have to your members, colleagues etc.
• Please provide feedback
Conclusion
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ConclusionConclusion
Thank you
Alex Hillman,
Small and Medium Practices (SMP) Committee Member
International Federation of Accountants