New Accounting Framework Useful Tool for Lenders 

Published March 01, 2014

ABA Banking Journal took note of the AICPA’s Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs) in its March edition. Describing the FRF for SMEs as a competitive tool for banks, the publication’s Editor and Publisher, Bill Streeter, wrote that, “it’s an option bank lenders should be aware of so as not to be at a disadvantage in prospecting for business in the SME space.” He quoted an Institute spokesperson as saying the new SME framework is more robust than other non-GAAP options, without adding unnecessary complexity.


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