Audit Analytics released its latest report,
Corporate Implementation of SEC’s Compliance & Disclosure Interpretations Regarding Non-GAAP Financial Measures, focusing on the analysis of non-GAAP usage. The SEC recently updated the Compliance & Disclosure Interpretations (“C&DIs”), explaining the conditions that must be observed to ensure that financial measures included in forecasts given to financial advisors during a business combination transaction, would not constitute a non-GAAP measure.
This article charts the progress of companies presenting non-GAAP financial measure and companies providing an adjustment difference without calculating the non-GAAP result.