The International Federation of Accountants (IFAC) is requesting proposals for the development of a practice management guide for use by small and medium accounting practices (SMPs). The purpose of the guide will be to assist SMPs in managing their practices in an efficient, profitable and professional manner. It is intended that the guide will cover a range of topics, such as strategic planning, management structure, client relationships, managing finances and risk, partnership issues, networking, and succession planning.
“The development of this practice management guide is part of the SMP Committee’s plan to provide a series of explanatory guides aimed at helping SMPs to comply efficiently with international standards and to deliver high quality, cost-effective services,” states Sylvie Voghel, Chair of the IFAC SMP Committee. The guide will be made available to all IFAC member bodies at no charge for end use by practitioners, in particular, those managing the practice.
The specifications for the Request for Proposal: Development of a Practice Management Guide for Use by Small and Medium Practices are available on the IFAC website at http://web.ifac.org/download/Practice_Management_Guide_RFP.pdf. The deadline for submitting proposals is 12:00 pm (EDT), Friday, October 19, 2007. Submissions can be emailed to Paul Thompson, Senior Technical Manager of the SMP Committee, at paulthompson@ifac.org.
Founded in 1977, IFAC is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC is comprised of 155 members and associates in 118 countries, representing more than 2.5 million accountants in public practice, education, government service, industry and commerce. The organization, through its independent standard-setting boards, sets international ethics, auditing and assurance, education, and public sector accounting standards. It also issues guidance to encourage high quality performance by professional accountants in business and those working in small and medium practices.