New reporting framework caters to SMEs

01/29/2013 | AICPA Insights

Small private companies will likely benefit from a new financial reporting framework designed to meet their needs, writes Theresa Bible of Enterprise Bank & Trust. The Financial Reporting Framework for Small- and Medium-Sized Entities "produces relevant financial statements, cutting out the 'noise' that often clutters financial statements and can distract a banker and other users from the salient information," she writes.

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