Walter Haig's GAAP for SMEs, Tax & Cash Frameworks Update – Webcast

Add to Calendar

Feb 3, 2022

Registration: 7:30 AM / Program: 8:00 AM - 4:00 PM Pacific Time


Member Fee: $305.00
Nonmember Fee: $405.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: -152.00


This course provides an update of the recent changes that have occurred in the financial reporting frameworks commonly used by small- and medium-sized entities (SMEs).  Troublesome areas in these financial reporting frameworks as identified in peer reviews and litigation will be highlighted. This course will also address COVID-19 issues including practical guidance in accounting for PPP loan programs.

Note: Title change effective October 2021. Changed from: “Financial Statement Prep Standards for Small- & Med-Sized Entities: Best Annual Update & Review of US GAAP, Tax, Cash & AICPA Spec Purpose Framewrk”

Designed For

This course is designed for practitioners who need to update their knowledge of the accounting standards issued during the past year that affect the preparation of financial statements of small and medium-sized entities and who need to become aware of and learn how to handle common financial statement deficiencies.


This course provides an update of the recent changes that have occurred in the financial reporting frameworks commonly used by small- and medium-sized entities (SMEs).  

Major Subjects

  • Amendments to the U.S. Accounting Standards Codification (i.e. – U.S. GAAP) issued during the 18-month period prior to the program 
  • Update and review of the tax and cash special purpose frameworks 
  • Update and review of the AICPA Financial Reporting Framework for SMEs
  • Update on common errors and deficiencies as identified in peer reviews and in litigation
  • Detailed analysis of the lease accounting standard
  • Practical guidance in accounting for COVID-19 issues including the accounting for PPP loan programs


Walter Haig


Walter J. Haig II, CPA, owns his own CPA firm in Creston, Washington. His experience is extensive in auditing, accounting and advisory services to family-owned businesses. He is also a highly regarded consultant in cases involving accountant's malpractice. Haig lectures nationally in the areas of auditing, accounting, compilation and review services, personal financial statements, forecasts and projections, and personal financial planning. His skills as an instructor have won him the AICPA's Outstanding Discussion Leader Award five times and the Washington Society of CPA's Highest Rated Instructor Award six times. The Washington Society of CPA's Discussion Leader of the Year Award was named in his honor in 1990. He has been rated as the best instructor of auditing and accounting courses in more than a dozen states. In addition, he was one of the highest rated presenters at six of the AICPA annual National Auditing and Technical Symposiums. Haig is the author of eight highly rated continuing professional education courses that are presently being utilized on a national basis.

Haig has served on various AICPA and Washington Society of CPA's task forces and committees in the areas of auditing, personal financial planning and continuing education. He received his Bachelor of Science Degree in Business from the University of Colorado.