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Trump’s non-GAAP was first to face SEC enforcement

Tammy Whitehouse | April 29, 2016

Long before Donald Trump launched his campaign to become president of the United States, the entertainment giant he founded faced the wrath of the Securities and Exchange Commission, whose leadership he would shape if elected.

Wayne CarnallAs the SEC calls attention to an increasing use of non-GAAP accounting metrics to explain financial results to investors, PwC partner Wayne Carnall, a former chief accountant at the SEC, pointed out at a regional accounting conference that Trump Hotels & Casino Resorts was an early subject of an SEC...

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