From the SME side, it is desirable to utilize accounting firms’ expertise and seek their advice not only in
traditional accounting areas but also in other management areas including business forecasting, strategic planning,
organizational changes, etc. A “one-stop shopping” approach could potentially reduce the overall cost of
outsourcing services for SMEs and also provide opportunities to take a holistic approach to management in SMEs.
Besides, a gradually built long-term relationship between the two sides is mutually beneficial, which will further
strengthen the work relationship between accounting professionals and SMEs.