AICPA Applauds GAAP Codification
AICPA applauds the release of the FASB Accounting and Auditing Codification by the Financial Accounting and Auditing Board. The Codification organizes thousands of pronouncements comprising U.S. generally accepted accounting principles into a single, easy accessed source.
Published on February 07, 2010
Blue Ribbon Panel Addressing Standards Weighs GAAP With Exceptions And A Separate Standards Board
...can best meet the needs of users of private company financial statements believe there is a need for a new standard-setting model that follows Generally Accepted Accounting Practices (GAAP) with exceptions for private companies
Published on October 08, 2010
AICPA and XBRL US Announce Launch of XBRL US GAAP Certificate Program
To address market demand for comprehensive and intensive training on XBRL reporting, the American Institute of CPAs and XBRL US launched the XBRL US GAAP Certificate Program
Published on July 09, 2013
Blue Ribbon Panel Makes Recommendations
Blue ribbon panel makes recommendations for U.S. GAAP for private companies
Published on January 26, 2011
NASBA and AICPA Pledge Cooperation on Private Company Financial Reporting Frameworks
The AICPA and NASBA will work together to develop a decision-making tool to help determine if a GAAP or non-GAAP financial reporting framework is suitable for individual private companies, and will also develop illustrative financial statements and disclosures to make clear those distinctions
Published on July 15, 2013
Statement from Barry Melancon, AICPA President and CEO, and Paul Stahlin, AICPA Chair, Addressing FAFs Failure to Create...
AICPA is profoundly disappointed that the Financial Accounting Foundation (FAF) is not proposing to create a new independent board to set differences in U.S. GAAP standards, where appropriate, for privately held companies
Published on October 04, 2011
AICPA Welcomes Private Company Councils Proposals
The AICPA comments on progress the Financial Accounting Foundation, FASB, and Private Company Council have made in their efforts to improve the relevance of GAAP as it relates to private companies
Published on July 02, 2013
AICPA Governing Council Adopts Resolution Supporting Blue Ribbon Panel on Private Company Accounting Standards
The governing Council of the AICPA adopted a resolution supporting the work of the Blue Ribbon Panel on Private Company Standards.
Published on October 19, 2010
New Accounting Framework Useful Tool for Lenders
ABA Banking Journal looks at AICPA's Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs)
Published on March 01, 2014
AICPA Financial Reporting Framework for Small- and Medium-Sized Entities Exposure Draft Available for Comment
The American Institute of CPAs announced that an exposure draft on its proposed Financial Reporting Framework for Small-and Medium-Sized Entities (FRF for SMEs) is now available for comment.
Published on November 01, 2012