Integrated Thinking & Reporting Helps Small & Medium Entities Drive Value

Thinking beyond the financial elements of an organization to other key areas of value creation can help small- and medium-sized entities (SMEs) develop a better understanding of their business and provide key insights for the future. Today, it is critical for organizations to think broadly about performance and strategy, and improve communication to shareholders, investors, customers and suppliers on what drives value for the organization.

The Board of Accountancy will hold a symposium on the topic “Integrated Thinking and Reporting for SMEs” on January 3, 2018 from 9AM to 12 noon in the PRC meeting room in the Philippine International Convention Center (PICC).  The symposium will be led by Mr. Paul Thompson and BoA Chairman Joel Tan-Torres.  Mr. Thompson is a Director of the European Federation of Accountants and Auditors  and a consultant dedicated to thought leadership and development of the global accountancy profession.  He was one of the speakers during the SMP Summit organized by the BoA last May 2017.  This symposium is part of the activities to celebrate the 95th anniversary of the BoA and the accountancy profession in 2018.

This symposium will be free for invited participants.  Those attending will earn three (3) Continuing Professional Development units.  Those who will not be able to attend can follow the proceedings via live video streaming (if available) or by a video medium that will be made available after the symposium.

The topics that will be discussed will cover the issues in a recently released publication entitled “Creating Value for SMEs through Integrated Thinking: The Benefits of Integrated Reporting.”  This was published last May 2017 by the International Federation of Accountants (IFAC) and the International Integrated Reporting Council (IIRC).  This publication highlights how SMEs—and the professional accountants serving them—can benefit from integrated thinking and reporting.

Those interested in participating in the live event on January 3 or the post event after said date can email about their interest and credentials.  A limited number of participants will be invited to the BoA symposium.

About Paul Thompson:  Paul is a Director of the European Federation of Accountants and Auditors  and a consultant dedicated to thought leadership and development of the global accountancy profession. From 2004 to 2016.  Mr. Thompson worked for IFAC latterly as Director, Global Accountancy Profession Support, a role that extended to overseeing the IFAC Global Knowledge Gateway, research and innovation, and activities in support of small- and medium-sized practices (SMP) and professional accountants in business (PAIB). Mr. Thompson also serves on the SME Implementation Group, an advisory body to the International Accounting Standard Board (Board), and is a member of Nottingham University Business School Malaysia’s Industry Advisory Board (IAB), an advisory group providing strategiC advice to the Business School. He advises developing professional accountancy organisations in Europe and Asia. Previously Mr. Thompson worked for Touche Ross & Co., London before going on to lecture on corporate reporting and analysis at universities in the UK, Singapore, and Malaysia. He has a number of publications in academic journals and the professional press in the areas of ethical finance, corporate reporting, corporate governance, integrated reporting, practice management and the future of the profession. Mr. Thompson graduated from the University of Warwick with a bachelor of science in accounting and financial analysis and is a fellow of the Institute of Chartered Accountants in England and Wales. Mr. Thompson is an internationally ranked masters distance runner.