SEC warns firms about using non-GAAP numbers

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By Philip Joens / Friday, June 10th, 2016 / Comments Off on SEC warns firms about using non-GAAP numbers

The Securities and Exchange Commission is cracking down on the use of non-standard financial reporting in earnings releases, a move that could impact more than half the region’s public companies. On May 17, SEC staff said it would issue more comment letters that questioned companies’ use of the customized metrics, known as non-GAAP numbers. Companies…

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