European Federation of Accountants and Auditors for Small and Medium-sized Enterprises
Budget
€50 — €0
EP Access
2
accredited persons
Staff
4
1.75 FTE
EU Grants
None
Mission & Goals
The European Federation of Accountants and Auditors for small and medium-sized enterprises (EFAA for SMEs) is an umbrella organisation for national accountants and auditors' organisations whose individual members provide professional services primarily to SMEs within Europe. It was founded in 1994. EFAA for SMEs has 15 members throughout Europe representing over 400,000 accountants, auditors and tax advisors. Small and medium-sized accounting practices (SMPs) are European SMEs' most important business advisors. They help entrepreneurs gain access to finance, and they provide valued business advice allowing them grow their businesses sustainably. SMEs have a number of specificities. An important characteristic is that most of their business relations are based on very close personalised cooperation and mutual trust. Hence, their accountants and auditors need to provide targeted services to accommodate the individual needs of SMEs and of the users of their financial statements.
EU Legislative Interests
Corporate Reporting (Auditing, Accounting, Sustainability reporting) Corporate governance, economic governance, taxation (tax simplification, tax rulings, VAT, CBAM, DAC recast) SMP professional qualifications/education and ethics (skills portability) SME affairs (SME access to finance, accounting and auditing)
Interests Represented
Promotes their own interests or the collective interests of their members
Member Of
Member of the association of crafts and SMEs in Europe (SMEunited). Founding member of the European Financial Reporting Advisory Group (EFRAG). Member of Early Warning Europe. Cooperation agreement with EUIPO Network Partner of International Federation of Accountants (IFAC).
Organisation Members
https://efaa.com/member/
Commissioner Meetings
No recorded meetings with EU commissioners.