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Flap over non-GAAP gets standard setters' attention

Tammy Whitehouse | January 13, 2017

The increased use and regulatory scrutiny around non-GAAP financial reporting measures in 2016 has prompted standard-setters to take a closer look at whether changes to current standards are in order.

The Financial Accounting Standards Board is talking with its advisors and giving some thought to whether the flap over corporate uses of non-GAAP measures indicates changes to GAAP might be in order. FASB Chairman Russell Golden says in a recent statement that the board’s Financial Accounting Standards Advisory Council has encouraged the board to continue to monitor non-GAAP reporting and consider where it might signal the need for improvements to GAAP.

The Securities and...

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