Administrative/Regulatory
Jul. 10, 2015
More companies using non-GAAP measures in SEC filings before going public
The number of private companies using non-generally accepted accounting principles, or the process of shaving off certain costs to boost projected revenue, has been on a steady rise since 2010.
Daily Journal Staff Writer
The number of private companies using non-generally accepted accounting principles
to make their bottom lines appear more robust has been on a steady rise since 2010.
And the Securities Exchange Commission appears more willing to tolerate these practices
during the initial public offering process, provided more traditional accounting standards
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