The Association of International Accountants (AIA) has been accepted to membership of the European Federation of Accountants and Auditors for SMEs (EFAA).

An IFAC Network Partner, the EFAA is an umbrella organisation for 15 national accounting, auditing and tax advisor organisations that collectively have more than 380,000 individual members. These individual members are mainly small and medium-sized practitioners (SMPs), including a significant number of sole practitioners, that provide a range of professional services (e.g. audit and assurance, accounting, bookkeeping, tax, and business advice) primarily to small and medium-sized entities (SMEs) within the European Union and Europe as a whole. Formed in 1994, EFAA is a sectorial member of SMEunited and a founding member of the European Financial Reporting Advisory Group (EFRAG).

AIA President, Shahram Moallemi said: “SMEs are the backbone of Europe’s economy and small- and medium-sized accounting practices (SMPs) are their most important provider of compliance and advisory services. AIA looks forward to working with EFAA in supporting and promoting SMPs, contributing to their work in the promotion of professional standards, and advocating for sustainable, ‘future ready’ SMPs.”

EFAA President, Salvador Marin said: “Our fast-growing membership is testimony to the value of our work and the need for a strong voice representing small- and medium-sized practices (SMPs) in Europe. AIA is a natural fit for EFAA. Many of its members work in or as SMPs. We look forward to working with AIA and its members to contribute to our mission to support and strengthen SMPs and their SME clients.”

“SMEs are the backbone of Europe’s economy and small- and medium-sized accounting practices (SMPs) are their most important provider of compliance and advisory services. AIA looks forward to working with EFAA in supporting and promoting SMPs, contributing to their work in the promotion of professional standards, and advocating for sustainable, ‘future ready’ SMPs.”