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SEC Urges Consistency in Non-GAAP Reporting

December 17, 2018

U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton and Chief Accountant Wes Bricker urged CPAs to deliver consistency in the non-U.S. Generally Accepted Accounting Principles (GAAP) information they report to investors.  The SEC has made non-GAAP measures a significant area of its focus in the past few years out of concern that companies were using non-GAAP data to mislead investors. Read more at the Journal of Accountancy.