Overview:
While the SEC's non-GAAP measures and metrics have been around for some time, they still cause headaches for businesses when it comes to disclosures and financial statements. In this program, we will address how companies are currently applying non-GAAP guidance and metrics, and what can be done in response to SEC comment letters to avoid costly fines and penalties. Topics include:
- Non-GAAP measures and KPIs
- SEC guidance and interpretations
- Recent comment letter trends
Objective:
To provide finance and accounting professionals with the specialized knowledge they need to apply non-GAAP guidance and metrics to disclosures and financial statements.
SPEAKERS:
Sheri Fabian, National Assurance Partner – SEC Services, BDO
Jeremiah Saunders, National Assurance Partner – SEC Services, BDO
Emphasis:
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Overview of Non-GAAP Measures & KPIs
– Foreign Private Issuers (FPIs)
– SEC rules
– Regulation S-K 10(e) and Regulation G Requirements -
SEC Staff Guidance
– SEC Staff CD&I
– Financial statement requirements
– Key performance indicators
– Recent interpretive guidance -
SEC Comment Letter Trends
– Inappropriate use of non-GAAP measures
– SEC enforcement actions