Governance Issues TM
Volume 2018, No. 1
January 12, 2018
In This Issue

Governance Issues has a new look! You will still be receiving the articles and information that you have in the past but now it will be published by Kral Ussery LLC . Read our press release below.

In this edition, Ron Kral shares his observations from the AICPA’s Conference on Current SEC and PCAOB Developments held on December 4-6, 2017. Enjoy the article and reach out to Ron with any questions. We wish all our readers a happy and prosperous 2018.
Candela Solutions and Pt Platinum have merged to form Kral Ussery LLC
The new firm is large enough to deliver exceptional results, and yet small enough to provide every client with the attention they deserve.
Candela Solutions and Pt. Platinum Consulting Merge to Form Kral Ussery, a Certified Public Accounting Firm
Kral Ussery LLC announced today that it is open for business as a newly formed public accounting firm. The new firm is the result of a merger of long-standing professional services firms Candela Solutions LLC and Pt. Platinum Consulting, LLC. Kral Ussery is headquartered in the Dallas metropolitan area, with an additional office in Las Vegas.
By Ron Kral, CPA, CMA, CGMA
Member of Kral Ussery LLC
Entering a new year usually means reflecting on the completed one and planning for the next. In preparing for this effort, one of my favorite conferences is the AICPA’s Conference on Current SEC and PCAOB Developments. While the conference is targeted for public companies, many of the topics pertain to all entities, such as addressing change and cybersecurity risks. This article captures some of the central themes of the conference held on December 4-6, 2017, in Washington, D.C.
Fasten your seat-belt as 2018 promises to be an interesting year. Be prepared to properly address your objectives, risks, opportunities and controls to make 2018 great. Education, frameworks and controls, led by a strong tone-at-the-top, is the recipe for success.
The New Lease Accounting Standard
Accounting Standards Codification (ASC) 842 will be effective for public companies next year, with non-public entities having an additional year to implement.
The New Revenue Recognition Standard
Accounting Standards Codification (ASC) 606 is now effective for public companies. Non-public entities have less than a year to implement before the effective date.
Don't Procrastinate on Implementation!
About Governance Issues
Governance Issues TM is an electronic newsletter published by Kral Ussery LLC. 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.
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