The International Federation of Accountants
SMPs Committee has published research on the growing demand of
business advisory services provided to SMEs.

The analysis suggests the needs of SMEs are
changing due to increasingly complex regulations, providing SMPs
with more opportunities in business advisory services.

The report, The Role of Small and Medium
Practices in Providing Business Support to Small- and Medium-sized
Enterprises, shows that SMPs are well-equipped to
expand their services to meet the increasing needs of SMEs. This
includes building referral networks to broaden the services firms
can provide.

The study incorporated academic studies,
practitioner surveys and interviews of SMP partners.