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Non-GAAP Measures: Are audit committees ready?

Non-GAAP Measures: Are audit committees ready?

Proposed CSA rule will create a stronger enforcement tool for non-GAAP metrics

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heather cheeseman

Partner, Energy and Natural Resources

KPMG in Canada

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​A proposed CSA rule will create a stronger enforcement tool for non-GAAP metrics. Companies face substantial risk given the reliance investors place on non-GAAP metrics and ever-increasing regulatory scrutiny.

Every company strives to tell their financial story in order to attract investors. The challenge of getting the message out, though, can sometimes feel like talking using two cans and a string.

Many executives believe that uniform Generally Accepted Accounting Principles (GAAP) often fall short of providing a full picture of a company. The vast majority rectify this by giving investors additional information and insight on historical and future financial performance through non-GAAP measures in earnings reports and other communications.

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KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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