A short, animated video highlights the evolution of the framework and some of the FRF for SMEs™ accounting framework’s key benefits.An Introduction to the Financial Reporting Framework for Small- and Medium-Sized Entities is a primer on the FRF for SMEs™ framework.The AICPA has created the following tools you can share with clients and potential clients to help them understand the FRF for SMEs™ framework: In addition to these tools, you may want to direct stakeholders to the AICPA’s Toolkit for Financial Statement Users and the Toolkit for Small Business to help them understand the benefits of the FRF for SMEs™ accounting framework. In this toolkit, you’ll find Client-Facing Tools, Financial Statement User Tools and Internal/Staff Tools. So that you and your practice can leverage the FRF for SMEs™ framework and educate yourself, your staff and clients, the AICPA has created the FRF for SMEs™ Toolkit. The Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs™ accounting framework) provides a great opportunity for you to offer a financial reporting option designed specifically for your small business clients or potential clients looking for comprehensive non-GAAP financial statements. As a sole practitioner or owner of a small CPA practice, you help support Main Street businesses in your community and ensure they have the information they and their financial statement users need to make informed business or credit decisions.
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