Special Report Now Available
AICPA’S NEW PRIVATE COMPANY FINANCIAL REPORTING FRAMEWORK FOR SMALL AND MEDIUM-SIZED ENTITIES
The AICPA recently issued a new, optional reporting framework that provides another GAAP-alternative for small businesses. While this new simplified framework will provide another tool in the CPA’s arsenal for meeting the needs of clients and financial statement users, like anything new, it faces an uphill battle for acceptance.
Are you familiar with AICPA’s newly proposed Financial Reporting Framework for Small- to Medium-Entities?
Do you think your clients would consider using the new framework?
Most significant challenges to adoption are acceptance and understanding by…
Based on a survey from the Tax & Accounting business of Thomson Reuters of more than 200 accounting firms in May 2013.
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AICPA’S New Private Company Financial Reporting Framework for Small and Medium-Sized Entities
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