WASHINGTON, D.C. – January 1, 2015 – George S. Willie, managing partner of , Certified Public Accountants and Management Consultants, was appointed to a three-year seat on the International Federation of Accountants (IFAC) Small and Medium Practices (SMP) Committee. IFAC was established in Munich, Germany on October 7, 1977 to act as the global representative for the accounting profession. Currently, IFAC members include more than 175 international accounting organizations in 130 countries, serving to represent more than 2.5 million accountants worldwide. As a global professional accounting organization, IFAC is dedicated to serving the public interest by impacting the development of strong international economies and striving to enhance the accounting profession.
The SMP committee was established a decade ago to focus on the interests of small and medium-sized practices (SMPs) that comprise the vast majority of accounting practices worldwide. These practices serve mainly small and medium-sized enterprises (SMEs). Research suggests that SMEs make up 95% of enterprises worldwide and employ 60% of the workforce worldwide. Support from SMPs plays a critical role in supporting SMEs through audit, assurance, and expert business advisory services. The SMP Committee guides this sector of accounting professionals through raising awareness of their value, facilitating the sharing of tools and resources to assist in competing in the global marketplace, and representing SMPs’ interests to standard setters and regulators.
Mr. Willie will begin a three-year term on the SMP Committee effective January 1, 2015. He will serve alongside seventeen other committee members, each representing a unique country worldwide. As a long-time advocate of the accounting profession, Mr. Willie brings a wealth of experience to the table as a committee member. It’s through this sharing of best practices among top professionals worldwide that the SMP Committee serves as a strategic advisory body supporting IFAC’s mission to strengthen organizations and advance economies.
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