[CAF Note: The CPAs are getting ready for crowdfunding!]
The AICPA has issued its Financial Reporting Framework for Small- and Medium-Sized Entities. The FRF for SMEsTM accounting framework is designed for America’s small business community. It delivers financial statements that provide useful, relevant information in a simplified, consistent, cost-effective way. The FRF for SMEsTM framework may be used when GAAP financial statements are not required.
