Earnings Releases: Be Careful When Discussing Non-GAAP Debt Covenants
Earnings Releases: Be Careful When Discussing Non-GAAP Debt Covenants

The SEC Regulations Committee of the Center for Audit Quality recently posted these highlights from its June 2024 meeting with the SEC Staff. The discussion included this reminder about non-GAAP measures in earnings releases: The Committee has observed recent staff comments on measures that are calculated in accordance with a company’s debt covenant indicating that a company […]

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