The Association of Chartered Certified Accountants has published a new policy paper recommending that governments and policymakers encourage financial literacy among small businesses, remove uncertainty in regulation, and encourage the publication of more information to enable entrepreneurs to gain access to more funding.
“Our research suggests a worrying lack of financial awareness among the world’s entrepreneurs,” said Rosanna Choi, who chairs the ACCA’s Global Forum for Small and Medium Sized Enterprises, or SMEs. “As the SME sector’s most trusted financial advisers, finance professionals have proven they can lead the drive for financial education, and we call on policymakers to engage the profession more fully in their efforts.”
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