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Does the AICPA support the use of IFRS for SMEs in the United States?

April 26, 2017AICPA ifrs SMES support united states

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Does the AICPA support the use of IFRS for SMEs in the United States?

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The AICPA welcomes the introduction of IFRS for SMEs in the United States. Private companies should be allowed to choose the financial accounting and reporting framework that best suits their objectives and the needs of their financial statement users. IFRS for SMEs represents another valuable financial accounting and reporting option for private companies to consider using, depending upon their unique circumstances.