SAFA SMP Survey 2013
The SAFA SMP Survey is conducted by Small& Medium Practices (SMP) Committee of South Asian Federation of Accountants (SAFA) on key issues confronting small- or medium-sized practices (SMPs) and their small- and medium-sized entity (SME) clients in SAARC Countries. The objective of the survey is to take necessary Capacity Building measures to raise the profile of SMPs at respective Institute’s level based on the finding of the survey.
Fields marked with * are required
Name of Member/Firm :
Membership No/Firm Regd No. :
Member Organization :
Please answer the following multiple choice questions.
1. What is the size of your practice? *
Sole practitioner Firm/LLP having 2-5 professionally qualified accountants Firm/LLP having 6-10 professionally qualified accountants Firm/LLP having 11-20 professionally qualified accountants Firm/LLP having 21 or more professionally qualified accountants
2. What is age of your practice? *
Less than 2 years 2 years or more but less than 5 years 5 years or more but less than 10 years 10 years or more
3. In what country is your practice located? *
India Pakistan Bangladesh Sri Lanka Nepal Maldives Afghanistan Bhutan
4. What is the biggest challenge faced by your small- and medium-sized entity (SME) clients? (Please rank the following in order of importance.) *
5. What is the biggest challenge your practice is facing right now? (Please rank the following in order of importance.) *
6. How is your fee revenue split among the following areas? Please indicate the approximate percentage of fee revenue from each. Total must add up to 100%. *
7. What is the fastest growing source of revenue for your practice? *
Audit and Assurance Accounting and other non assurance/related services Taxation Advisory services
8. What is the main driver of your practice's profitability? *
Acquisition of new clients Better retention of existing clients Increased average fee size Reduced overheads Better utilization of resources Enhanced Quality of Services Others, please describe
9. Does your practice offer a sustainability service (advice, reporting, and/or assurance etc.)? *
Yes No, but we plan to No, and we have no plans to
10. What is the biggest barrier faced by SMPs in fully adhering to the IESBA Code of Ethics for Professional Accountants (International Ethical Standards Board of Accountants) *
Understanding the requirements of the Code Our jurisdiction does not use the IESBA Code The requirements of the Code itself The length of the Code The Structure of the Code
11. What do you think will be the most significant issues facing the accountancy profession in South Asian Region *
Reputation and credibility of the profession Increased regulation Evaluate the needs of SMPs and SMEs The Competency of Financial Statement preparers Auditor Independence Attracting new talent to the profession Information technology and innovation in accounting and auditing Corporate Governance Issues related to audit firm rotation Government Accounting Sustainability and Integrated Reporting Any other issues
12. Please provide your email address if you would like to be informed of the result of SAFA SMP Survey (Optional)
