Jimmy Yip represented the HKICPA at the SMPAG meeting in New York (October 2024)
Jimmy Yip, Managing Director of Forvis Mazars in Hong Kong recently represented the HKICPA at the IFAC Small & Medium Sized Practices Advisory Group (SMPAG) meeting in New York.
The meeting mainly discussed practice transformation related to the use of technology and understanding SMPs’ client base, the use of AI, comments on IAASB’s projects and other relevant topics with fellow members.
The IFAC SMPAG is an advisory body that provides strategic input on IFAC’s activities & global accountancy topics related to SMPs and their SME clients in three main areas:
- Supporting standard setting —providing timely input to the international standard-setting process in order to help ensure the relevance and proportionality of international standards to SMEs/SMPs
- Building a future-ready profession—developing practical guidance and resources with a focus on implementation of international standards, practice management, and business advisory services
- Speaking out—promoting the visibility and recognition of SMPs and representing and advocating on behalf of SMPs and SMEs worldwide.
