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Sustainability services increase among SMPs: IFAC

Small and medium-sized accounting practices (SMPs) face strong demand for sustainability services from clients, according to a recent survey by the International Federation of Accountants (IFAC).

The poll of nearly 4,000 SMPs found that the majority of them, 73%, are already providing or have plans to provide sustainability services to their clients.

Those SMPs who currently offer sustainability services tend to offer more than one with 75% of respondents saying advisory is the most common service; followed by reporting and assurance according to 50% and 40% of respondents, respectively.

"SMPs can help their clients in many ways, for example, advising on the costs and benefits of behavioral changes aimed at reducing waste, appraising potential investments in alternate sources of energy, and assisting with the implementation of an environmental management system (EMS)," IFAC SMP committee chair Giancarlo Attolini said.

Related link

IFAC: SMP Quick Poll

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