International financial reporting and small business: where to learn more.
| Position | Update |
New international financial reporting standards are designed to meet the needs of small and medium-sized entities (SMEs), and PCPS has stepped in to provide members with a clearinghouse of related resources. Known as IFRS for SMEs, this new guidance is a simplified version of the existing international standards designed with small business concerns in mind. U.S. private companies may choose to use IFRS for SMEs as an alternative to U.S. GAAP.
The PCPS Firm...
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