The Center for Audit Quality (CAQ) released a new report on how auditors can contribute to the reliability and comparability of non-GAAP financial measures and key performance indicators (KPIs). The report includes questions audit committee members can ask to fulfill their oversight responsibilities as they discuss non-GAAP financial measures and KPIs with management and auditors, and questions for investors as they use these measures in their analysis.

Maria L. Murphy, CPA, is a regular contributor to Compliance Week. She is a senior content management analyst, accounting and auditing products, CCH tax and accounting North America for Wolters Kluwer....