Proposed CSA rule will create a stronger enforcement tool for non-GAAP metrics
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.
To read the full article, download the PDF below:
© 2021 KPMG LLP, an Ontario limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.