2. Presentation on Global and Regional Trends and Development Impacting SMPs
Naba Krishna Muni, FCMA
ICMA Bangladesh

3. Source: Report on SAFA SMP Survey, 2013
Strengthening SMPs in South East Asia: A Way Forward
Capacity Building through training and education
Providing infrastructure & funds at cheaper rate
Understanding needs & expectations about SMPs from Institutes
Publishing research based publications for SMPs
Arranging hand holding exercise for SMP development by 4 big firms
Source: Report on SAFA SMP Survey, 2013

4. Average Firm Size Practice – SAFA Region
Sole Practitioner = 55%
Having 2–5 Practitioners = 31%
Having 6–10 Practitioners = 10%
Having 11–20 Practitioners = 2.57%
Having Above 20 Practitioners = Less than 1%

5. Challenges Faced by SMPs – SAFA Region
Compliance of regulation = 27%
Economic uncertainty = 21%
Pressure to lower prices/fees = 14%
Competition = 11%
Rising costs = 8%
Difficulties accessing finance = 3%
Lack of demand for services = 2%
Others = 8%

6. Challenges Ahead for SMPs – SAFA Region
Attracting/Retaining New Clients = 23%
Pressure to lower fees = 19%
New regulations & standards = 18%
Competition = 12%
Retention of staff = 9%
Ability to adapt to client needs = 5%
Work-life balance = 5%
Keeping up with new technology = 3%

7. Significant Issues for Accounting Profession – SAFA Region
Reputation & credibility of the accounting profession
Increased regulation – Money laundering & Combating financing of terrorism
Evaluate the needs of SMPs and SMEs
The competency of financial statements preparers
Auditors’ independence
Attracting new talents in the profession
Innovation in accounting and auditing – ICT
Corporate governance
Audit firm rotation
Government accounting
SUSTAINABILITY of SMPs/SMEs

8. Sustainability Model for SMPs
INSTITUTIONAL
PROGRAMMATIC
FINANCIAL

9. SMPs Sustainability Mission/ Vision/ Planning
Clients
Vision
Mission
Goals
Strategic Plan (3-5 years)
Business Plan (1 year)
Institutional Strengthening Activities
Program Activities
Finance Activities
Clients

10. E-mail: nkmuni@gmail.com
Thank You
Contact:
Cell Phone:
Skype: nk_muni