New IFAC Research Report demonstrates positive association between business performance and use of accountants
The International Federation of Accountants (IFAC) released a new research report that demonstrates the positive association between use of professional accountants for expertise and advice, and business performance.
Titled ‘The Relationship between Accountancy Expertise and Business Performance’, the report reviewed existing literature and summarises the findings by entity-size — small- and medium-sized entities (SMEs) and large entities. The research shows the positive impact professional accountants have on aligning organisation’s goals and actions since they are well-suited to play various roles in organisations, including analysis and communication of information, decision making, managing risks and creating sustainable value – roles that indirectly impact business performance.
CAPA recommends this report to professional accountancy organisations, practitioners and policy makers as it can help to achieve a broader understanding of how accountancy operates on various context and how accountancy contributes to business performance.
For more information about the research and to access the report, visit the IFAC website at: http://www.ifac.org/news-events/2016-07/new-ifac-research-report-demonstrates-positive-association-between-business