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May 27, 2016
SEC establishes new guidelines on company accounting practices
The Securities and Exchange Commission is continuing to tighten its scrutiny of how public companies use non-GAAP financial reporting, a set of more subjective accounting practices that many companies claim better demonstrates performance, but critics say inflates bottom lines.
Daily Journal Staff Writer
The Securities and Exchange Commission is continuing to tighten its scrutiny of how public companies use non-GAAP financial reporting, a set of more subjective accounting practices that many companies claim better demonstrates performance, but critics say inflates bottom lines.
GAAP refers to Generally Accepted Accounting Principles.
The agency last week announced ...
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