Small & Medium Practices (SMP)

Small and medium practices (SMPs) typically serve businesses that are small or medium sized in nature, also known as small- and medium-sized entities (SMEs). SMEs are an integral part of the global economy, and provide a key source of stability and growth.

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The International Federation of Accountants' SMP Committee publishes guidance materials and tools for accountants working in this area, and the professional accountancy organisations supporting them. Substantial information and/or guidance materials in relation to SMP matters can be found at: http://www.ifac.org/about-ifac/small-and-medium-practices-committee