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

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Feb 3, 2022

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


Member Fee: $0.00
Nonmember Fee: $0.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None


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

Did you know? The OSCPA member rate for CPE courses is extended to all OSCPA members and their employees who are not eligible for OSCPA membership. Members of other state CPA societies are also eligible for member rates.

After adding the course(s) to your cart, click “Apply Discounts” and select either “This person is an uncertified staff of an OSCPA member” or "This person is a member of another state CPA society."

If you would like to register for this event, please contact OSCPA at 800-255-1470, 503-641-7200, or email


Walter Haig


Walter J. Haig II, CPA-WA, is one of the highest rated auditing and accounting instructors, if not the highest rated, for classroom seminars and webinars in every state he has taught. Over the years he has taught in more than 30 states. 

Haig’s experience is extensive in auditing, accounting, and financial advisory services to family-owned businesses. He is also a highly regarded consultant in cases involving accountant’s malpractice.
His skills as an instructor have won him the AICPA’s Outstanding Discussion Leader Award five times and the Washington Society of CPAs Highest Rated Instructor Award six times. The Washington Society of CPA’s Discussion Leader of the Year Award was named in his honor.

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 and completed his Executive Management Program in Enology and Viticulture at U.C. Davis.