The SEC’s Division of Corporate Finance has sent hundreds of comment letters this year questioning the prominence of non-GAAP figures in companies’ earnings releases and other filings in what experts said is an easy gotcha for the staff. …In a review of comment letters sent to Russell 3000 companies between January 2022 and May 2023… Continue reading SEC Zooms In on Non-GAAP in Recent Comment Letters
Tag: SEC Comment Letters
SEC Expected to Raise More Questions About How Firms Calculate Non-GAAP Measures
The Securities and Exchange Commission is expected to ask more companies to explain how they calculate performance measures that go beyond U.S. generally accepted accounting principles, a move to gauge whether these metrics could potentially mislead investors. The U.S. securities regulator for years has monitored companies’ use of so-called non-GAAP earnings measures in their financial… Continue reading SEC Expected to Raise More Questions About How Firms Calculate Non-GAAP Measures