FRF for SMEs | Accounting Onion

The FRF for SMEs is a “Sack of Mush” — According to Walter Schuetze

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Shortly after my most recent post on the AICPA's new FRF for SMEs, NASBA issued a press release that was clearly intended to keep the public spat between the two national organizations from escalating: "The AICPA and NASBA are committed…

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The AICPA, in its spat with NASBA over its recently released Financial Reporting Framework for SMEs (my very own critique is here), has loudly and often declaimed that the purveyors of GAAP are supportive of their new non-GAAP option. That is,…