Kral Ussery LLC

Certified public accountant in Southlake, TX (show on map)

Kral Ussery LLC is a public accounting firm delivering advisory services, litigation support and internal audits to protect and grow shareholder value.

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About

Kral Ussery LLC delivers advisory services, litigation support, and internal audits to U.S. public and private companies, focusing on US GAAP compliance, COSO control frameworks, IPO readiness, M&A due diligence, and internal audit services including SOX-404, IT general controls, and SEC compliance matters.

Expertise in SEC compliance and IPO readiness

COSO framework implementation

Litigation support and internal audit services

Services

Accounting & Audit Readiness

Assistance with US GAAP compliance, new accounting standards implementation, and audit readiness.

Accounting position papers COSO control framework implementation Audit readiness consulting

Litigation Support

Support for legal proceedings related to financial reporting and compliance.

Litigation readiness assessments Evidence preparation Expert witness coordination

Data Quality and M&A

Data quality assurance and due diligence for mergers and acquisitions.

Data cleansing and validation M&A due diligence Integration planning

Internal Audit, IT Risk & SOX

Internal audit services, IT risk assessment, and SOX compliance.

SOX-404 compliance IT general controls testing Cybersecurity readiness SOC assessments

SEC Compliance

SEC filing preparation, comment letter response, and IPO readiness.

10K and 10Q pre-filing reviews Comment letter response IPO readiness consulting

Interim Roles & Performance

Interim management and performance improvement services.

Interim CFO/Controller roles Performance improvement initiatives Leadership transition support

Credentials & Certifications

CPA

Member AICPA

Member Texas Society of CPAs

Frequently Asked Questions

What criteria should a US organization look at for a Compliance and Ethics Program? +

Organizations should understand minimum requirements as defined in Chapter 8, Part B of the U.S. Sentencing Guidelines and integrate a program into their control structure using frameworks like COSO.

What are the minimum requirements for an effective Compliance and Ethics Program? +

The Guidelines define seven minimum requirements: standards and procedures, knowledgeable board, responsible person, communication, training, monitoring, auditing, incentives, and disciplinary measures.

How is applicability defined for the Compliance and Ethics Program? +

The Guidelines apply to all organizations, public or private, large or small, without distinction based on size or type.

How can a Compliance and Ethics Program be integrated into a control structure? +

Integrate the program using the COSO Framework, aligning its components and principles with organizational objectives and risks.

How difficult is it to meet the Guideline’s minimum requirements? +

Leveraging the COSO Framework makes meeting the minimum requirements feasible and ensures the program aligns with organizational culture and objectives.

What does COSO stand for? +

COSO stands for the Committee of Sponsoring Organizations of the Treadway Commission.

What are the COSO frameworks? +

COSO publishes the Internal Control – Integrated Framework and the Enterprise Risk Management – Integrated Framework, guiding control design and risk management.

How do the two COSO frameworks interact? +

The Internal Control – Integrated Framework focuses on internal controls, while the Enterprise Risk Management – Integrated Framework addresses risk management across the enterprise; both complement each other.