See the framework in practice
The FRF for SMEs™ Illustrative Financial Statements provide a comprehensive example of financial statements prepared in accordance with the AICPA's Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs™). Designed for practitioners, financial statement preparers, and educators, this resource demonstrates how the framework is applied in a realistic reporting environment.
Using a sample construction company, the illustrative financial statements include complete financial statements, accompanying notes, and an independent auditor's report to help users