The finding suggests an expanding relationship between accounting firms and SMEs. From the accounting
firm side, in order to provide comprehensive services to SMEs it is important for them to have sufficient expertise in
other business functional areas. In order to meet SMEs’ needs, accounting firms may want to have staff in finance,
marketing, human resources, etc. Alternatively, accounting staff may expand their knowledge in these non
accounting areas through continuing education and professional development. Furthermore, the finding has
implications on accounting education. Does the accounting curriculum prepare well-rounded students for their
future career in public practice and to provide diverse services to SMEs? Specifically, are accounting students
encouraged to choose a minor in other business areas such as finance, marketing, human resources management,
small business management, etc.?