BizSugar.com › Global › Global accounting standards for small business?

This article from WebCPA looks at the Private Company Financial Reporting Committee of the International Accounting Standards Board and its discussion of a global accounting standard for small business. What exactly such an international standard will mean for small entrepreneurs the world over is unclear. If standards are simply a means by which best practices become available to business globally, it may be a benefit. If it becomes a standard imposed on small businesses as yet another regulation, of course, it might be another matter.