FRF for SMEs

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Financial Reporting Framework for SMEs

The AICPA has issued its Financial Reporting Framework for Small- and Medium-Sized Entities. The FRF for SMEs™ accounting framework is designed specifically for the small business community. It delivers financial statements that provide useful, relevant information in a simplified, consistent, and cost-effective way. The FRF for SMEs™ framework may be used when GAAP financial statements are not required.

We present this information to NSA members as one option that may help you in your practice. The AICPA website has a plethora of information as well as resources to help you learn about the product in order to determine if it benefits you. Follow the links below to learn more.

Learn More

Financial Reporting Framework for SMEs
  • Group Study (product no. FRFS) 
  • Self Study (product no. 745140) (available October 2013) 
The AICPA has developed free FRF for SMEs™ toolkits. Click on the link below that best fits your needs: