This document is a formal Request for Proposal (RFP)1 for the supply, to the Small and
Medium Practices (SMP) Committee2 of the International Federation of Accountants
(IFAC),3 of an explanatory guide (the Guide) to Practice Management for use by small and
medium-sized practices (SMPs). The Guide will provide guidance on how SMPs should
manage their practice in order for them to operate in a safe, profitable and professional
manner.