National executive services and financial consulting firm Hardesty, LLC has merged with [CTRL] CFO, LLC and named Rick Brounstein, former Managing Director of the Silicon Valley, CA based firm as Partner and National Technical Accounting Practice Leader of the firm’s Technical Accounting Practice. This merger will extend the combined firm’s capabilities and offerings to clients. Rick will be based in Hardesty’s Northern California office.
“Rick Brounstein has an outstanding reputation from his Big 4 tenure as a CPA and his CFO roles in public companies in the software and life science space. Rick also had the honor of representing Smaller Public Companies and Life Science Companies on an elite SEC Advisory Committee, and served as a member of the COSO task force that produced the 2013 update that is currently the primary Internal Control (SOX §404) risk assessment guidance. “We are excited to have Rick lead our National Technical Accounting Practice and look forward to introducing him to our clients around the country,” stated Karl Hardesty, CEO of Hardesty, LLC. “Rick’s team will allow us to address complex issues not easily solved from within most organizations. We have been aware of this need for some time and are thrilled to have a world class professional like Rick heading up our technical accounting practice initiative.”
“We serve as trusted advisers to the C-Suite and it was logical to expand our services offering, especially considering the new ASC 606 Revenue Recognition rules and upcoming new lease accounting standards. [CTRL] CFO and Hardesty’s complimentary offerings allow us to collectively expand services to our clients,” noted Bob Worthington, Hardesty’s Northern California Managing Partner.
Prior to merging into Hardesty, Rick founded [CTRL] CFO, an independent consulting firm focused on helping organizations evaluate Generally Accepted Accounting Principles (“GAAP”) issues. [CTRL] CFO built their reputation supporting public companies with their SEC filings, such as forms S-1, S-3, 10K, or 10-Q and SOX assignments. The firm also supported private company accounting/finance teams on difficult GAAP issues, generally in support of their first audits then onward and through the IPO preparation, focusing primarily on areas requiring in-depth GAAP expertise.
Rick commented, “More recently, our focus has been guiding companies through the complex processes around the new ASC§606 Revenue Recognition Standard that will be applicable for public companies in 2018 and private companies no later than 2019. We provide the hands on technical support and implementation strategy that allows companies to successfully plan for and adopt the new standards. Most private companies and a few public companies are just not staffed appropriately to handle the in-depth analysis required under this new standard.”
Rick, a frequent speaker and advisor to companies on ASC§606 as well as other new accounting standards ASC§842, Leasing continued, “Those companies that PLAN will have the most CHOICES. The results you may get, may not be the results you must get!” “Hardesty will be committed to making sure its clients, especially those private companies most impacted by the new standards, have choices,” Mr. Hardesty noted with emphasis.
Hardesty, LLC is an executive services and financial consulting firm providing best-in-class executive leadership and professional services to middle market companies, including founder owned, private investor owned, and publicly traded entities through its nationwide network of offices. The firm provides executive search, interim executive placement, technical accounting consulting, and strategic consulting services. The firm’s reputation has been built focusing primarily on the CEO, COO, and CFO roles. Hardesty’s national team of seasoned partners and professional staff is available for rapid deployment to companies requiring immediate executive solutions. Hardesty has grown rapidly since its formation in 2011 and has been recognized as a “Fastest Growing Company” year after year. Hardesty is headquartered in Orange County, California with offices in major U.S. markets.