Dear Member:
The AICPA would like to hear from members in business and industry who work for private companies regarding development of a new self-contained financial reporting framework for small- and medium-sized entities (SMEs) that do not need U.S. GAAP financial statements. Many SMEs and the users of their financial statements could benefit from a non-GAAP accounting system that has undergone public comment and professional scrutiny, and is consistently applied. A blend of accrual income tax methods and traditional accounting methods, the new framework would be more relevant, less complex and cost beneficial to prepare.
If you work for a private company that may want to use the financial reporting framework under development, please respond to a short online survey to assist the AICPA as we gather members’ insights. For more information, read this FAQ.
Many thanks for your input on this important initiative.
Sincerely,
AICPA Business, Industry & Government Team