{"id":633,"date":"2016-05-17T09:26:23","date_gmt":"2016-05-17T13:26:23","guid":{"rendered":"https:\/\/seci.wpenginepowered.com\/?p=633"},"modified":"2016-05-17T09:26:23","modified_gmt":"2016-05-17T13:26:23","slug":"sec-non-gaap-concerns-ratchet-up","status":"publish","type":"post","link":"https:\/\/seciblog.pli.edu\/index.php\/sec-non-gaap-concerns-ratchet-up\/","title":{"rendered":"SEC Non-GAAP Concerns Ratchet Up"},"content":{"rendered":"

We discuss non-GAAP measures frequently in our blog. We also did a One-Hour Briefing \u201cNon-GAAP Measures and Metrics: Getting it Right\u201d <\/strong>on April 1 which you can find at:<\/p>\n

www.pli.edu\/Content\/Non_GAAP_Measures_and_Metrics_Getting_it\/_\/N-1z10vnyZ4n?ID=282910<\/u><\/strong><\/a><\/p>\n

\u00a0<\/strong><\/p>\n

While we try to avoid being \u201cpreachy\u201d we do see some real problems in how companies are using non-GAAP measures. Our most recent blog post about these non-GAAP measure problems is at:<\/p>\n

seciblog.pli.edu\/?p=615<\/u><\/a><\/p>\n

 <\/p>\n

To reinforce these issues from the SEC\u2019s perspective Deputy Chief Accountant Wesley Bricker and OCA Chief Accountant Mark Kronforst both addressed the use of non-GAAP measures at a recent conference.<\/p>\n

 <\/p>\n

You can read Mr. Bricker\u2019s speech at:<\/p>\n

www.sec.gov\/news\/speech\/speech-bricker-05-05-16.html<\/u><\/a><\/p>\n

 <\/p>\n

In his speech he outlines four major areas where the SEC believes that companies may not be using non-GAAP measures appropriately. He even makes the comment that if a company uses a non-GAAP revenue measure they can expect a comment from the staff.<\/strong><\/p>\n

While Mr. Kronforst\u2019s speech is not on the SEC web page, he reportedly used the words \u201ccrack down\u201d<\/strong> when talking about how the SEC will be reviewing the use of non-GAAP measures.<\/p>\n

The message is clear, be thoughtful and careful with non-GAAP measures!<\/p>\n

 <\/p>\n

As always, your thoughts and comments are welcome!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

We discuss non-GAAP measures frequently in our blog. We also did a One-Hour Briefing \u201cNon-GAAP Measures and Metrics: Getting it Right\u201d on April 1 which you can find at: www.pli.edu\/Content\/Non_GAAP_Measures_and_Metrics_Getting_it\/_\/N-1z10vnyZ4n?ID=282910 \u00a0 While we try to avoid being \u201cpreachy\u201d we do see some real problems in how companies are using non-GAAP measures. Our most recent blog … Continue reading SEC Non-GAAP Concerns Ratchet Up<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[143],"tags":[158,48,101,111,32,19,67,107,25,42,52,98,45,33,73,100,121,103,4,6,5,99,18],"coauthors":[163],"class_list":["post-633","post","type-post","status-publish","format-standard","hentry","category-hot-topic","tag-acc","tag-accounting","tag-aicpa","tag-am-law","tag-audit","tag-fasb","tag-fasbiasb","tag-financial-accounting","tag-financial-accounting-standards-advisory-committee","tag-financial-reporting","tag-form-10-k","tag-gaap","tag-governance","tag-icfr","tag-non-gaap","tag-pli","tag-pli-free-fridays","tag-pli-securities-regulation","tag-sec","tag-sec-professionals","tag-sec-reporting","tag-seci","tag-xbrl"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/comments?post=633"}],"version-history":[{"count":0,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/633\/revisions"}],"wp:attachment":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/media?parent=633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/categories?post=633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/tags?post=633"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/coauthors?post=633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}