financial reporting center

Financial Reporting Center

The Financial Reporting Center helps CPAs meet the challenges of providing high quality financial reporting. Whether you are a financial statement preparer or a member in public practice, this center provides resources for the entire financial reporting process providing you the information you need to know when you need it.

Search within the Financial Reporting Center (FRC)


Financial Reporting Center Update (PDF) - April 1, 2019
Quarterly update of the activities of select technical committees of the AICPA. The content of this expanded Financial Reporting Center newsletter highlights some of the recent activities of the Auditing Standards Board, the Accounting and Review Services Committee and the Assurance Services Executive Committee and its related task forces.

Comment Period deadline extended on Inventory Valuation Guidance until May 1, 2019
In November 2018, the AICPA’s Financial Reporting Executive Committee (FinREC) issued an early working draft of Inventory Valuation guidance, which is part of a broader forthcoming release of the AICPA’s Business Combinations Accounting and Valuation Guide. Feedback was sought on this working draft to solicit comments from valuation specialists, preparers, auditors, financial statement users and other interested parties to further inform the development of this guidance. Due to requests for additional time from respondents, informal comments on this working draft will be accepted until May 1, 2019. Comments should be sent to


This two-minute video highlights the features and benefits of the AICPA's Financial Reporting Framework for Small- and Medium-Sized Entities.

More on AICPA TV