AICPA studies 'little GAAP'.

• Author: Heffes, Ellen M.
• Position: Financial Reporting - Generally Accepted Accounting Principles - American Institute of Certified Public Accountants - Brief Article

The American Institute of Certified Public Accountants (AICPA) launched a Web-based survey to poll the stakeholders of private company financial reporting--bank lenders; investor and venture capital/buyout firms; surety, bonding and insurance firms; business owners and managers; auditors and more--to determine if general purpose financial statements prepared for them are meeting their needs.

"With small and young companies creating two-thirds of the net new jobs in our country and employing half of all private-sector workers, it is time to address this topic in an in-depth manner," said...