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Small and Midsize Accounting Practices Challenged by New Clients and Rules

from Accounting Today

Key challenges facing small and medium-sized practices in the accounting industry worldwide have been identified as attracting new clients and complying with regulations and standards, according to a new survey by the International Federation of Accountants. The 2014 IFAC Global SMP Survey also revealed promising economic gains for small and midsize practices, with almost three-quarters of practices globally reporting that fee revenues were greater or equal to the previous year. more

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