IFAC have published a ‘Practice Transformation Action Plan – A Roadmap to the Future’, which covers four key focus areas for small- and medium-sized practices (SMPs):
The Covid-19 pandemic is an accelerator for the adoption of technology. Many firms are now operating virtually and supporting employees through flexible work arrangements. These extraordinary circumstances also offer practitioners significant opportunities to adapt and service a rapidly changing world. As trusted business advisers, they are best positioned to provide clients with a range of services to help navigate these difficult and uncertain times.
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