The Institute is pleased to inform you that the Small and Medium Practices (SMP) Committee of the International Federation of Accountants (IFAC) has released the second edition of its Guide to Practice Management for Small- and Medium-Sized Practices (PM Guide). First released in 2010 and developed with CPA Australia, the new edition of the guide features guidance on several new topics, including cloud computing and updated resources for further reading.
To help practitioners improve the management of their accounting practices, this guide includes an extended case study, a sample office procedures manual, and numerous checklists and other worksheets. The comprehensive guide is comprised of eight standalone modules that include developing a growth strategy, managing staff and client relationships, risk management, succession planning, and more. An updated companion guide to help members make the best use of the PM guide will be released in early 2012.
The second edition of the PM Guide can be downloaded free of charge at IFAC website at https://www.ifac.org/publications-resources/guide-practice-management-small-and-medium-sized-practices .
Please be guided accordingly.
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