With the recent issuance of IFRS for small- and medium-sized entities (SMEs), U.S. private companies have a new option for preparing financial statements. IFRS for SMEs improves efficiencies for cross-border commerce, is significantly shorter than U.S. GAAP, and could be right for your business.

See the fifth volume of Moss Adams' MA Now newsletter to learn about the pros and cons of this reporting standard and the timing of future adoption.