In the United States,the issue of financial reporting standards for small and medium-sized entities (SME)has been debated for many years.These debates did not result in separate standards for SME.

Question

Quizplus · Accepted Answer

Small and medium-sized entities in the United States are required to follow the same financial reporting standards as larger entities, and there are no separate standards specifically for SME.

In the United States,the Issue of Financial Reporting Standards for Small