NEW YORK--The Small and Medium Practices (SMP) Committee is considering the development of explanatory guides on quality control and practice management.
The planned quality control guide is intended to help practitioners, particularly SMPs, implement International Standard on Quality Control 1 and deliver high quality assurance services.
The SMP Committee received nine proposals to develop the guide and will review them at a meeting later this year. The guide is planned to be released by the end of 2008. More information is available in the SMP Committee's Request for Proposal.
Meanwhile, the SMP Committee plans to issue a Request for Proposal to develop a guide on practice management to help improve the operational efficiency of SMPs as well as make them more responsive to the needs of their clients. Subject to receiving a satisfactory proposal, the practice management guide will be released in early 2009.
The International Center for Small and Medium Practices (SMPs), hosted by IFAC's Small and Medium Practices Committee, provides resources and facilitates the exchange of knowledge and best practices among SMPs and other accountants who serve small and medium entities (SMEs).
For more information please visit the following website: www.ifac.org