Financial statements are one mechanism in which to provide insight into a company's financial health. However, management may not be satisfied that this information clearly reflects their business, ...

The use of financial measures that do not conform to US Generally Accepted Accounting Principles (GAAP) has long been the subject of debate—even controversy. Read insights from Cindy Fornelli. The use ...

As more and more companies supplement traditional financial reporting with non-GAAP measures and other key performance indicators, a significant new opportunity is opening up for auditors, according ...

A discussion of the publicly available information concerning the SEC's enforcement efforts against the manipulative use of non-GAAP financial metrics, and how the SEC might address these metrics ...

As discussed in this article in CFO.com, establishment of controls and procedures for non-GAAP measures is especially important because they are—by definition—not standard, and controls and procedures ...

On December 13, 2022, the staff of the Division of Corporation Finance (the “staff”) of the Securities and Exchange Commission (the “SEC”) published seven new or revised Compliance and Disclosure ...

At a large financial reporting conference in December, several representatives of the Securities and Exchange Commission mentioned disclosures regarding non-GAAP financial measures as an area of ...

Such measures are commonly used and typically exclude abnormal, nonrecurring items. The SEC in 2016 warned companies that non-GAAP measures that replace GAAP-based methods with individually tailored ...

DENVER--(BUSINESS WIRE)--Palantir Technologies Inc. today issued guidance for its third quarter ending September 30, 2020, year ending December 31, 2020, and year ending December 31, 2021. For more ...

Engaging external auditors to perform procedures outside the financial statement audit related to non-GAAP financial measures or key performance indicators (KPIs) can raise public confidence in this ...

Improper use of non-GAAP measures, which has been an item of scrutiny in public company reporting for years, remains an area of concern for the SEC staff. “The regulations and guidance over non-GAAP ...