This report provides a summary and, where appropriate, analysis and commentary including possible limitations of the data from the poll conducted November 21-December 31, 2012. This edition of the poll received 3,767 responses and was conducted in 17 languages.

The SMP Committee submitted this comment letter to the International Ethics Standards Board for Accountants (IESBA)'s proposed changes to the Code of Ethics for Professional Accountants addressing Responding to a Suspected Illegal Act.

The business advisory video series features interviews with SMP Committee Members Florin Toma, CPA, Romania, and Stuart Black, FCA, Australia. View all on the IFAC YouTube Channel.

The business advisory video series features interviews with SMP Committee Members Florin Toma, CPA, Romania, and Stuart Black, FCA, Australia. View all on the IFAC YouTube Channel.

The business advisory video series features interviews with SMP Committee Members Florin Toma, CPA, Romania, and Stuart Black, FCA, Australia. View all on the IFAC YouTube Channel.

The business advisory video series features interviews with SMP Committee Members Florin Toma, CPA, Romania, and Stuart Black, FCA, Australia. View all on the IFAC YouTube Channel.

This article highlights the value of review engagements, especially to SMPs in meeting the needs of their SME clients, and explains many of the key features of International Standard on Review Engagements 2400 (Revised), Engagements to Review Historical Financial Statements, released by the IAASB in September 2012. 

The business advisory video series features interviews with SMP Committee Members Florin Toma, CPA, Romania, and Stuart Black, FCA, Australia. View all on the IFAC YouTube Channel.

The SMP Committee’s Strategy and Work Plan for 2013–2016 outlines the committee’s objectives, strategic plan, and key outputs. It highlights how the SMP Committee’s planned activities align with and support IFAC’s overall strategy and work plan to support the worldwide accountancy profession. While this document contains the SMP Committee’s strategy for the four-year period 2013–2016, the work plan activities detailed are only for 2013. Work plans for the three subsequent years will be developed annually.

This response to the International Financial Reporting Standards for Small- and Medium-Sized Entities (IFRS for SMEs) was prepared by the IFAC Small and Medium Practices (SMP) Committee in collaboration with IFAC public policy and regulation staff.