{"id":821,"date":"2017-01-18T14:53:33","date_gmt":"2017-01-18T19:53:33","guid":{"rendered":"https:\/\/seci.wpenginepowered.com\/?p=821"},"modified":"2017-01-18T14:53:33","modified_gmt":"2017-01-18T19:53:33","slug":"non-gaap-measures-rise-of-the-enforcement-message","status":"publish","type":"post","link":"https:\/\/seciblog.pli.edu\/index.php\/non-gaap-measures-rise-of-the-enforcement-message\/","title":{"rendered":"Non-GAAP Measures \u2013 Rise of the Enforcement Message!"},"content":{"rendered":"

By: George M. Wilson & Carol A. Stacey<\/p>\n

On January 18, 2017, the SEC ended the speculation about whether or when we would see enforcement actions focused on non-GAAP measures.\u00a0\u00a0 MDC Partners, a New York marketing company, paid a fine and consented to an SEC cease-and-desist order without admitting or denying the findings. The case dealt with two issues, non-GAAP measures and failure to disclose certain perks properly. The non-GAAP measure issue related to amounts disclosed for \u201corganic revenue growth\u201d which the company did not calculate consistently from period to period. In addition the company did not present the comparable GAAP measure with equal or greater prominence, as Regulation S-K Item 10(e)<\/u><\/a> requires in an earnings release.<\/p>\n

 <\/p>\n

Both issues are frequently discussed areas<\/strong> in the SEC\u2019s May 2016 C&DI\u2019s about non-GAAP measures<\/u><\/a>.<\/p>\n

 <\/p>\n

You can read the related release here<\/u><\/a>.<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By: George M. Wilson & Carol A. Stacey On January 18, 2017, the SEC ended the speculation about whether or when we would see enforcement actions focused on non-GAAP measures.\u00a0\u00a0 MDC Partners, a New York marketing company, paid a fine and consented to an SEC cease-and-desist order without admitting or denying the findings. The case … Continue reading Non-GAAP Measures \u2013 Rise of the Enforcement Message!<\/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}},"categories":[143],"tags":[48,101,111,32,89,53,67,25,24,98,73,4,99],"coauthors":[163],"class_list":["post-821","post","type-post","status-publish","format-standard","hentry","category-hot-topic","tag-accounting","tag-aicpa","tag-am-law","tag-audit","tag-auditor-independence","tag-cpa","tag-fasbiasb","tag-financial-accounting-standards-advisory-committee","tag-financial-statements","tag-gaap","tag-non-gaap","tag-sec","tag-seci"],"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\/821","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=821"}],"version-history":[{"count":0,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/821\/revisions"}],"wp:attachment":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/media?parent=821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/categories?post=821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/tags?post=821"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/coauthors?post=821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}