Non-GAAP explained: a MoFo report

Author: IFLR Correspondent | Published: 26 Oct 2017
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The use of non-GAAP financial measures by US public companies continues to attract scrutiny. As concern grows that such measures are being employed in company disclosures to distort actual performance numbers and, in some cases, mislead the investing public, the SEC has stepped in. gaap

In this exclusive report by Morrison & Foerster, and co-published with IFLR, we examine the regulations relating to the use of non-GAAP financial measures, commonly used non-GAAP financial measures, the SEC’s guidance relating to the use of non-GAAP measures and comments issued by the SEC Staff on this subject. The report also explains what companies can do to revise their disclosures, earnings calls and other communications. 

The report is written by Frederick Ryan Castillo, Ze’-ev Eiger and Anna Pinedo, with contributions from Alexandra Perry.

A free pdf of the report is available for free here

Contact details

Frederick Ryan Castillo
Tel: +1 (212) 336-4432

Ze’-ev Eiger
Tel: +1 (212) 468-8222

Anna Pinedo
Tel: +1 (212) 468-8179

Alexandra (Ali) Perry
Tel: +1 (212) 336-4261