Practical financial reporting for privately held businesses
The AICPA's Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs™) is a special purpose, non-GAAP financial reporting framework designed specifically for owner-managed and closely held businesses. Developed by CPAs for private company financial reporting, the framework provides relevant, reliable, and cost-effective financial information while avoiding much of the complexity associated with U.S. GAAP.
Complete FRF for SMEs Resource Center
Core Framework
Financial Reporting Framework for Small- and Medium-Sized Entities (FRF