 | Non-GAAP Earnings Measures: Guidance From Securities Regulators |
February-4-2002
| Area | Corporate Finance and Securities |
Summary
In light of the fact that it has become a common practice for companies to publish earnings determined in manners other than as prescribed by Generally Accepted Accounting Principles (“GAAP”), staff of the Canadian Securities Administrators recently issued a Staff Notice intended to provide guidance on the issue of reporting non-GAAP earnings measures. It is clear that financial reporting issues are receiving increased attention from securities regulators and market participants given recent high profile cases with reporting problems.
