The IFAC Small and Medium Practices Committee has followed the development of this project and that of the Non-Assurance Services (NAS) since their inception and welcomes the close coordination of IESBA with the International Auditing and Assurance Standards Board. We also concur that the outcome from the work of the Task Force on the definition of Public Interest Entities  and Listed Entities will be equally impactful on this ED. Hence, we support this project being accelerated.