Lease and Accounting Standards Update Seminar


7:30 am - 9:30 am


Bookings closed


Brookfield Conference Center
325 S Moorland Rd, Brookfield, WI, 53005, Waukesha County

Event Type

After many years of deliberations and delays, the FASB’s new standard related to leases, ASC 842, is ready for adoption.


Vrakas CPAs + Advisors Audit Principal, Kara Schiller, CPA, will be explaining the new lease standard and providing a brief overview of recently issued FASB Accounting Standards Updates (ASU) as they relate to small and mid-size businesses.


The below topics will be discussed:
  • Distinguish between the two types of leases under the new lease standard, ASC 842
  • Learn how various lease terms {such as renewal options and escalating rents} impact the accounting for leases under ASC 842
  • Understand the expanded disclosure requirements and the timeline for transition to ASC 842
  • Determine the next steps for your organization to be prepared to implement ASC 842
  • Become familiar with reference rate reform (ASC 848) and the related effective dates
  • Discuss effective date changes for the FASB’s credit loss standard, ASC 326


About Kara: 

Kara joined Vrakas in 2021 with over 15 years of experience performing and managing audit and review engagements of private, middle-market clients, with a focus on financial institutions and real estate.

Working within the audit department, Kara serves as the firm’s technical assurance and quality control principal. Her responsibilities include assisting the assurance team with risk assessment strategies and audit methodology. She works closely with our teams to communicate the relevant technical guidance and implementation techniques for new audit or accounting standards.

In addition, Kara leads our internal and external peer review process. She maintains the firm’s quality control document, including updates for regulatory requirements and best practices. Kara also provides technical support on research matters and keeps the firm up-to-date on new FASB pronouncements, ASU’s, SSARS, and AICPA ethic matters.

You will have the option to attend in person or virtually! Whatever works best for your schedule.
CPE available upon request 


  • Registration and Continental Breakfast – 7:30 a.m. to 8:00 a.m.
  • Presentation – 8:00 a.m. to 9:30 a.m.



Bookings are closed for this event.

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