The firm I work for, RubinBrown, prides itself on supporting small business. Our three offices are in America’s heartland – St. Louis, Kansas City and Denver. As an accountant, auditor and adviser for Main Street, private company financial reporting has always been an important issue to us. So, of course, last June we were excited to see the AICPA release its Financial Reporting Framework for Small- and Medium-Sized Entities. We quickly put in place a strategy to offer FRF for SMEsTM-based financial statement preparation to our clients who do not need GAAP-based financial statements.
For me, seeing what works for others and how they accomplish their goals helps me figure out an efficient and effective path for my own initiatives. If you are interested in expanding your firm’s services and serving your clients by using the FRF for SMEs, you may find our firm’s approach and experiences informative.