This report discusses the role of accounting information in protecting third-party interests in SME companies in four different countries: the UK, the US, Australia, and Singapore. The report highlights the compliance burden imposed on SMEs and the need to free up smaller firms from red tape. The report also discusses the potential risks of reducing regulatory burden for SMEs, including a reduction in safeguards for shareholders and creditors. The Association of Chartered Certified Accountants (ACCA) is a global body for professional accountants that aims to offer business-relevant, first-choice qualifications to people of application, ability, and ambition. The organization's core values include opportunity, diversity, innovation, integrity, and accountability, and it works to develop capacity in the profession and encourage the adoption of consistent global standards.
