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EFAA latest news

03.07.2018

Blockchain, Artificial Intelligence (AI), Data Analytics – What are the potentials of these technologies today? How secure is their use and how are they changing the economy and our society? And specifically, what does all this mean for small and medium sized accountancy and audit firms? These forward-looking questions were the basis for the presentations and discussions of the "EFAA International Conference - Digital Transformation of SMEs" on 21 June 2018 in Brussels. To this end, the European Federation of Accountants and Auditors for SMEs (EFAA) invited internationally recognized...

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06.06.2018

The Edinburgh Group, a coalition of 16 accountancy bodies from across the world including EFAA, has launched the Edinburgh Group SMP Survey 2018 The SMP of the Future in a Changing World. The survey is available in multiple languages including Dutch, French, German, Spanish, Polish, Portuguese and Romanian. The results will be summarized into a report slated for issue at the World Congress of Accountants in Australia this November. EFAA encourages its member organisations to promote participation in the survey by their members working in or as SMPs. The results will help inform the Edinburgh...

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16.02.2018

This survey is being conducted by the European Federation of Accountants and Auditors for SMEs (EFAA) in collaboration with its member organisations to determine the views of European small and medium-sized entities (SMEs) on audit and alternatives to audit. It seeks to establish the benefits that SMEs perceive from having an audit and, where they are not required to have one, the motivations and reasons for choosing one or not choosing one. We anticipate the results, which will eventually be analysed and summarized into a report, will be used to promote and advocate the views of SMEs with...

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07.02.2018

EFAA is pleased to provide its comments to the Consultation Paper Strengthening the Governance and Oversight of the International Audit-related Standard-setting Boards in the Public Interest. We welcome the Monitoring Group's (MG) initiative to strengthen international standard setting and the ultimate objectives of this endeavour. Below you will find 'Key Points' and our responses to the specific questions and options presented in the consultation paper. We focus our remarks on those issues most relevant to the SMP and SME constituencies that we represent and on which we have significant...

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07.11.2017

EFAA President Bodo Richardt welcomed together with IEC-IAB President Benoît Vanderstichelen and VP Bart van Coile member representatives in the IEC / IAB offices in Brussels for this annual gathering. He then explained the nature of the meeting as a strategic forum to help member organisations and EFAA determine how to best address emerging issues. It is also the place where members can best influence the strategy and direction of EFAA and explain their ideas and concerns. He then continued to explain why the following three sessions had been chosen for the program....

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04.10.2017

These activities are categorized as follows: to provide its members and regulators with an evidence-based small business perspective on political and regulatory innovations (inform); to advocate for the interest of Europe’s SMPs and SMEs by providing feedback to consultations and through information events for and direct dialogue with political stakeholders (advocate); and to connect its members and the professionals they work for to foster the development of a strong SMP and SME sector in Europe through conferences and other events (connect).

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02.10.2017

The Chair of EFAA’s Digital Working Group, Martin de Bie, has been selected as a member of the European Multi-Stakeholder Forum on eInvoicing (EMSFeI). The appointment is for a period of three years. The tasks of the Forum shall be to provide the Commission with high quality legal, economic, technical and / or practical insights and expertise with a view to assisting it in shaping the eInvoicing in the European Union.

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22.09.2017

EFAA commends the IFRS Foundation on the Discussion Paper DP/2017/1 Disclosure Initiative - Principles of Disclosure. We are pleased to provide our comments below, both 'General Observations' as well as 'Specific Comments' on the questions posed in the DP that have relevance to EFAA’s constituency. Our comments have been compiled by EFAA’s Accounting Expert Group.

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25.08.2017

The 2016 IFAC Global SMP Survey asked practitioners from small - and medium - sized practices (SMPs) across the globe about: their challenges, with a close look at the impact of technology, personnel, and staffing issues; how various environmental factors may affect them over the next five years; their 2016 revenues and projected 2017 revenues; key performance indicators, namely collection and employee utilization rations; and the consulting services they provide. It additionally reports on practitioners’ views on the impact of challenges f aced by their small - and medium - sized entity...

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25.08.2017

Response to the Exposure Draft (ED), International Education Standard 7, Continuing Professional Development EFAA commends the IA ESB on the proposed International Education Standard 7, Continuing Professional Development. We are pleased to provide our comments below, both 'General Observations' as well as 'Specific Comments' on the questions posed in the ED that have relevance to EFAA’s constituency . Our comments have been compiled by EFAA’s Assurance Expert Group.

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