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Financial Reporting Frameworks for SMEs Update and Review Webinar


Sept. 27
9:00 a.m. - 5:00 p.m.

CPE Credits



PICPA Member: $229 | Nonmember: $329

 More Information

Course No.
This webinar is hosted by PICPA's partner, CPA Crossings, LLC. After registering, you will receive an email from with the log-in information.


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 also addresses COVID-19 issues including practical guidance in accounting for PPP loan programs. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives:

After attending the presentation you will be able to...

  • Gain updated knowledge of the accounting standards issues during the past year
  • Know how updates affect the preparation of financial statements of small and medium-sized entities 
  • Know how to handle common financial statement deficiencies


The major topics that will be covered in this class include:
  • 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


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