The International Federation of Accountants is seeking input for the development of a how-to guide on implementing International Standards on Auditing for small and midsized businesses.

The purpose of the guide is to help auditors around the world understand, comply with and apply the standards when conducting audits.

"Assisting small and medium practices in understanding how to apply standards is consistent with IFAC's objective to support professional accountants working in the field," said IFAC chief executive Ian Ball, in a statement. "We envisage the guide being of particular benefit to the profession in developing nations."

The specifications of the request for proposals are available on IFAC's SMP Permanent Task Force home page at www.ifac.org/TaskForces/smpptf.php. The deadline for submission is Nov. 18. IFAC sets international standards of ethics, auditing and assurance, education, and public sector accounting and issues guidance, and has a membership consisting of over 160 professional accountancy bodies in 119 countries.

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