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February 8, 2023

accounting wars

NASBA Stands Behind FASB’s Private GAAP, Can’t Believe the AICPA’s Chutzpah

On Tuesday we discussed the AICPA's effort to offer a new OCBOA for small businesses, making special note of the Financial Accounting Foundation's slightly irritated response. While the FAF was fine with Melancon & Co. issuing the new Financial Reporting Framework (FRF) for SMEs, they wanted to remind everyone that FRF was most certainly not […]