Companies that don’t use “generally accepted accounting principles” (GAAP) when reporting their financials better be on their toes. They may hear from a new U.S. Securities and Exchange Commission internal task force.
According to a report from Marketwatch, the SEC’s Division of Corporate Finance will form a team to evaluate how companies are using non-GAAP measures to report their financials, and to search for noncompliance with recent commission guidance on these non-GAAP metrics.
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