New Financial Reporting Framework for Small and Mid-sized Businesses

AICPA has issued a new Financial Reporting Framework for Small-and Medium-Sized Entities that is designed to deliver financial statements that provide useful, relevant information to owners of private companies and other stakeholders in a simplified, consistent, cost-effective way. If GAAP is becoming too complex for your entity, this is something for you to consider.

DS+B Team August 8, 2013

AICPA has issued a new Financial Reporting Framework for Small-and Medium-Sized Entities that is designed to deliver financial statements that provide useful, relevant information to owners of private companies and other stakeholders in a simplified, consistent, cost-effective way. If GAAP is becoming too complex for your entity, this is something for you to consider.