On May 29, 2025, the SEC announced that its Investor Advisory Committee will meet on June 5, 2025 and that one of the panels the committee will host is titled “Beyond the GAAP: Market Perspectives on Non-GAAP Financial Disclosures.”  The meeting will be open to the public and webcast.

The meeting agenda provides details about the members of the panel and the focus of the discussion. According to the agenda, the issues the panel will address include:

• • What areas of current regulations on non-GAAP measures, if any, could be strengthened or clarified?
  • Would greater standardization of certain non-GAAP measures benefit investors?
  • What challenges or benefits exist in implementing industry-specific non-GAAP reporting guidelines?
  • How will AI impact the quality and transparency of non-GAAP reporting?
  • Could AI be used to detect potentially misleading non-GAAP disclosures?

As always, your thoughts and comments are welcome!