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26.11.2019

In an ever-changing societal and economic landscape, do accountants have to adapt to offer new services and in new ways in order to continue support SMEs? And if so, how? As a trusted advisor, the accountant of tomorrow is expected to be a co-pilot and a “business processor” to the SME owner.   1. INTRODUCTION On 24 October, Accountancy Europe and the European Federation of Accountants and Auditors for SMEs (EFAA) organized a joint members-only workshop to discuss the emerging challenges and needs of SMEs, and how the accountancy profession should evolve to continue deliver...

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04.11.2019

Brussels – On the 23 and 24 of October, EFAA had a broad working agenda to further its role as the “Big Voice for SMPs and SMEs”. The 25th Anniversary celebration was carried out in the early part of the EGM - a simple act of remembrance and celebration – during which Salvador Marín, the EFAA President, indicated that “EFAA was originally based in the Hague. The Dutch entity was founded on October 1994. EFAA later moved down the road to an office here in the European Quarter of Brussels. We are still here and still serving as the big voice for SMPs and...

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21.10.2019

Marin led the session about Audit of SMEs and Reporting of NFI by SMEs. In his keynote presentation, the President highlighted, among other things, highlights   of the Survey on Assurance for SMEs carried out by EFAA   that culminated in the report 'Evidence on the Value of Audit for SMEs in Europe: Perspectives of Owner-Managers, Company Accountants and Directors' issued in May 2019. The aim of this survey was to investigate views of SMEs on audit and assurance. It was asked what the benefits to the company are from having the accounts audited...

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21.09.2019

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19.09.2019

Salvador Marin speaks at the VII National Forum of Small Auditing Firms Read press release

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07.08.2019

During its 2019 International Conference – Building the Digital Practice EFAA conducted the following interviews to ask the key questions discussed during the conference How Is the Profession in Asia Preparing for a Digital Future? by CA Manu Agarwal, Council Member, The Institute of Chartered Accountants of India How do SMPs need to adapt to better serve SMEs in a digital future? by Véronique Willems, Secretary General, SMEunited How is NBA preparing its members for a digital future? by Erik Kolthof, Innovation Project Leader, NBA How can SMPs best attract, retain and...

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03.07.2019

Marin was nominated by Consejo General de Economistas (CGE) and gained the unanimous support of EFAA’s member organisations. Marin’s term of office will run through to the EFAA AGM of 2021. He succeeds Bodo Richardt who helped transform EFAA into an influential regional accountancy body. Marin said: “EFAA is a highly capable organization with enormous potential. I look forward to working tirelessly with members, staff and the EFAA Board so that EFAA can continue to be of great service and support to its members, SMPs and our profession.” Marin is well equipped to...

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03.07.2019

EFAA Annual Report 2018

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16.05.2019

EFAA has today published a survey report ‘Acceptance Of The Micro-Entities Accounting Option In Europe’ which reveals, says EFAA President Bodo Richardt, “that accountants are instrumental in the decision of micro-entities to take-up the option for simplified accounting.” EFAA were motivated to investigate the take-up of the micro-entities option – the extent and the reasons for promoting it or otherwise – by way of a survey of accountants in practice conducted in conjunction with its member organisations in 2017 and 2018 once the option had become...

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03.04.2019

EFAA has published a new report 'Evidence on the Value of Audit for SMEs in Europe: Perspectives of Owner-Managers, Company Accountants and Directors' that presents new and recent evidence on the perceived value of audit for small and medium-sized entities (SMEs) in Europe. "The evidence presented in our survey and the reports from other countries may have significant implications for regulators and policy makers, standard setters and the profession, especially auditors", says Bodo Richardt, EFAA President. "The value of the SME audit is central to the public interest, and the benefits for...

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