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SEC issues new guidance on use of non-GAAP accounting

Tammy Whitehouse | May 23, 2016

After much talk the past few months about concerns over non-GAAP reporting among public companies, the Securities and Exchange Commission has taken more formal action to warn companies to be careful.

White-maryjo-0814The SEC updated its Compliance & Disclosures Interpretations guidance with a dozen new questions and answers focused on how companies might report financial information that falls outside the realm of Generally Accepted Accounting Principles without also running afoul of financial reporting requirements. SEC Chair Mary Jo White recently contemplated the possibility that the SEC might issue guidance to...

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