IFAC: Save the SMEs

Alan Johnson, President of the International Federation of Accountants in interview to ACCOUNTANCY IRELAND (FEBRUARY/MARCH 2021) said:

“area of focus is what I call ‘Save the SMEs’. Small and medium-sized enterprises (SMEs) are critical to every economy, large or small. Big corporate get lots of attention, but we often forget that big corporate not only rely on SMEs, but a significant part of their supply chain is also made up of SMEs. The largest employer worldwide is the SME sector, so we need to save the SMEs by ensuring that they have access to high-quality professional accountants. We can do that by advocating to ensure that they employ professional accountants, and ensuring that the SMPs that support them have a high profile on our agenda”.

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