Kinsale CPA Accountancy Firm Fitzgerald & Partners is featured as a case study in a global report just out today. “ We are honoured to be selected as one of only two Irish CPA firms to be featured in this global report thanks to our excellent team ” Cormac Fitzgerald FCPA Managing Partner of Fitzgerald & Partners.
The Global report recommends that small to medium sized practitioners and professional accountancy bodies must work together to adapt to change for an evolving future. A global research report ‘The SMP of the Future in a Changing World’ commissioned by the Edinburgh Group – a coalition of 16 accountancy bodies from across the world – examines the landscape ahead for the Accountancy Profession.
This report offers recommendations for small to medium sized practitioners (SMPs) and Professional Accountancy Organisations (PAOs) about how they can work better together and sustain great working relationships.
The report also states that SMPs and the PAOs that support them should prepare together for a rapidly evolving future that sees many changes on the horizon. Changes include digital technologies, regulation and deregulation to the education and skills needed to sustain and develop in this changing environment.
Eamonn Siggins, Chair of the Edinburgh Group said: ‘In the face of a volatile and uncertain environment, our extensive global research provides a series of informed recommendations for SMPs and PAOs alike. There are many opportunities ahead for both groups, coming at a time when collaboration is a must.’
‘We know from our extensive research that SMPs expect and depend on their PAOs to offer tailored support. From guidelines, tools and networking opportunities, this support is vital for the future of SMPs success. The relationship is symbiotic and so demands proactivity on both sides.’
The report is based on an SMP survey, which gave 1,906 responses in 11 languages from 52 countries, alongside interviews with key staff in Edinburgh Group professional accountancy organisations and a series of SMP case studies. It also includes a review of other academic research into SMPs.
Report is available to download at:
Photography By: John Allen