Updated Financial Reporting Framework Special Report
Updated Special Report!
AICPA’S FINANCIAL REPORTING FRAMEWORK FOR SMALL- AND MEDIUM-SIZED ENTITIES – AN UPDATE
A year has now passed since the AICPA issued its new, optional reporting framework for small and medium-sized entities. At the time of its issuance, we issued our Special Report on the Framework, in which we shared data and insights regarding expected use. We are now providing this update to share with you where we see things today. We hope that you find this information to be useful and valuable as you consider how this new Framework might meet the needs of your clients.
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PPC’s Guide to the Financial Reporting Framework for Small- and Medium-sized Entities will provide you all the information you need to consider before discussing the new Framework with clients, potential clients, and financial statement users.