Introduction to the Financial Reporting Framework for small- and medium-sized entities (SMEs™)
Resources
AICPA logo
Cart
searchSearch
search
burger
AICPA logo
  • Home
man presenting in a business meeting
Resources

Introduction to the Financial Reporting Framework for small- and medium-sized entities (SMEs™)

4 years ago · 2.4 MB Download

Resource

available

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:

  • Compilation report

  • Review report

  • 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.

Download the FRF Introduction for CPAs

File name: frfforsmes-introduction-cpas.pdf

What did you think of this?

Every bit of feedback you provide will help us improve your experience

What did you think of this?

Every bit of feedback you provide will help us improve your experience

Related content