Governance IssuesTM
Volume 2022, No. 1
March 24, 2022
In This Issue
Cyber-risks are an ever increasing concern! Our first article addresses recent proposed rules by the SEC for public companies, and our second forwards some tips for recovering from an attack. The final article reveals insights for dealing with private equity firms. While geared towards technology companies, all can benefit from this read.
It’s time for all organizations, of any size and industry, to be proactive in combating cyber-risks
The U.S. Securities and Exchange Commission (SEC) on March 9, 2022, issued a Proposed Rule and Press Release to enhance and standardize disclosures regarding cybersecurity risk management, strategy, governance, and cybersecurity incident reporting by public companies. There is a 60-day comment period, so if you are passionate about this topic feel free to comment in accordance with instructions in the Proposed Rule. This article summarizes the Proposed Rule, along with comments from the SEC Chairman, Gary Gensler (in favor) and Commissioner Hester Pierce (in dissent).
Arm your organization with an Incident Response Plan before the attack occurs as time is of the essence for swift recovery
Try as you might, cyberattacks are impossible to completely prevent. A recent survey reveals that the average financial services firm is the target of 85 data breaches per year. Common as they are, a breach can have devastating consequences for your company. In addition to information and finances lost, breaches can result in downtime and reputational damage that can set your firm far behind competitors. The following tips can help you make it through a data breach and come out stronger than before. 
If you’re a technology company founder or CEO, chances are good that you receive a number of messages from private equity (PE) firms interested in acquiring your business on a regular basis. Among the many emails may be the perfect opportunity to take your company to the next level or achieve an optimal exit — but how can you know which message it is? The answer to that question is what this article aims to provide.
Position your company to effectively negotiate with a PE firm to reach a deal that benefits both sides and sets the company up for success
Kral Ussery is a national CPA firm providing services that external auditors cannot due to independence concerns, such as accounting advisory, audit readiness, and internal audits. Download our services flyer.
About Governance IssuesTM
Governance IssuesTM is an electronic newsletter published by Kral Ussery LLC, a public accounting firm delivering advisory services, litigation support and internal audits. The newsletter focuses on our practice areas of SEC compliance, internal controls, IT general controls, risk assessments, IPO readiness, M&A transactions, US GAAP compliance and internal auditing.
Content in this newsletter is for general information purposes only and should not be used as a substitute for professional consultation.
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