Kirsten Ulzheimer of Marcum. Courtesy photo The SEC's Watchful Eye: Ensuring Accuracy in Non-GAAP Financial Disclosures
To supplement financial statements, management may provide another view of their company by disclosing alternative financial measures. This alternative information cannot be used to distort reality and must be presented in accordance with specific rules and guidelines.
February 09, 2024 at 09:49 AM
6 minute read
Securities Litigation
Financial statements are one mechanism in which to provide insight into a company's financial health. However, management may not be satisfied that this information clearly reflects their business, including how it is run. Therefore, to supplement financial statements, management may provide another view of their company by disclosing alternative financial measures. This alternative information cannot be used to distort reality and must be presented in accordance with specific rules and guidelines.
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