The European Federation of Accountants and Auditors for SMEs (“EFAA”) is an umbrella organisation for 13 national accounting, auditing and tax advisor organisations that collectively have more than 250,000 individual members. These individual members are mainly small and medium-sized practitioners (“SMPs”), including a significant number of sole practitioners, that provide a range of professional services (e.g., audit and assurance, accounting, bookkeeping, tax and business advice) primarily to small and medium-sized entities (“SMEs”) within the European Union and Europe as a whole. Formed in 1994 EFAA is a member of SMEunited and a founding member of the European Financial Reporting Advisory Group (EFRAG).