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EFAA latest news

28.07.2020

Brussels, 28 July 2020 - Our new webinars reflect our commitment to stay in contact with relevant stakeholders, to press ahead with our lobby activities in the EU and to keep helping and supporting small- and medium-sized accountancy practices to the best of our abilities, even through these difficult time.  The videos of the webinars are available here. Slides are available upon request to secretariat@efaa.com Next EFAA's webinar will take place in early September and will focus the Future of SMEs: Liquidity and Business Contuinity. 

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26.06.2020

Brussels, 26 June 2020 - EFAA’s Annual General Meeting (AGM), one of the most important activities or events for an organization, was, for the first time ever, held by video conference. This time, members came together on the MS Teams platform to, amongst other things, receive a presentation on the federation’s activities and financial performance in 2019, approve a new ordinary member and reappoint four Board members. One of the highlights of the meeting was the admission of a new member. EFAA unanimously approved the admission of the Chamber of Financial Auditors of Romania...

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02.06.2020

Brussels, 29 May 2020 - EFAA reads with interest the Report Strengthening the Single Market: the future of free movement of services (INI 2020/2020). While we concur with much of the content, which aligns with our position statement, we wish to make a few points that you might wish to consider as you finalize the report: EFAA urges the European Parliament both to acknowledge the indispensability of the services provided by qualified accountancy practices generally and to recognise the unique and essential role and value of small and medium-sized accountancy practices (SMPs). The physical...

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12.05.2020

Brussels, 12 May 2020 EFAA Annual Report 2019 Salvador Marin, EFAA President, explains “in 2019 EFAA has been working intensively to inform and connect with partners and stakeholders to highlight the high quality of services provided by small and medium-sized accountancy practices (SMPs), as well as to strengthen its position as the leading advocate for SMPs and SMEs in Europe”. Presidential elections, the celebration of EFAA 25th anniversary (1994-2019) as well as the approval of the new EFAA statute are three key activities that occurred in 2019. EFAA achieved several of its...

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12.03.2020

Brussels, 12 March 2020 – EFAA, the European Federation of Accountants and Auditors for SMEs, represents over 350,000 accountants all over Europe. Our members are micro-, small- and medium-sized accountancy practices that provide accountancy services to millions of SMEs. Small entities will be heavily impacted by the economic consequences of the restrictions rightly introduced to protect the citizens’ health from COVID-19. However, the economic consequences of these restrictions will be disastrous for very small practices and self-employed accountants and for all their SMEs...

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05.02.2020

In September 2019 the European Federation of Accountants and Auditors for SMEs (EFAA) launched a new tool to help small- and medium-sized practices (SMPs) rate and improve their digital competency. This article examines the insights to be gained from the early set of results and how professional accountancy organizations (PAOs) can leverage the tool.   read article

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28.01.2020

Brussels, 28 January, 2020 – The European Federation for Accountants and Auditors for SMEs (EFAA) launched, at the end of the last year, a new Expert Group on EU Professional Regulations. The first meeting took place on Tuesday 28 January. Experts are representatives of several EFAA Member organizations, Ordem Dos Contabilistas Certificados of Portugal (OCC), German Association of Tax Advisors (DStV), Consejo General de Economistas of Spain (CGE), Chamber of Accountant Services of Slovenia (CCSI-CAS) and EFAA staff led by EFAA President, Mr. Marín, Mr. Thompson, EFAA Director and...

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09.12.2019

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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