In response to market demand for a clear and easy to understand reporting for Main Street businesses, the American Institute of CPAs (AICPA) created a task force of staff, CPA practitioners and a banking community representative to develop to Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs™). You’ll learn the following:
Why FRF for SMEs™ was developed
The types of organization that may prefer to use FRF for SMEs™
What benefits stakeholders can expect from the use of this framework
Considerations for CPA firms
Highlights of the framework including a chapter-by-chapter high level review of the content presented in each section of the framework.
Additional resources include sample reports for financial statements prepared using FRF for SMEs™ such as:
Auditor’s report on comparative financial statements
Use the clickable hyperlinks in the table of contents to easily navigate to the variety of specific topics covered by this resource.