Heads Up: SEC Issues Compliance and Disclosure Interpretations on Non-GAAP MeasuresVolume 17, Issue 5 |
The attached issue of Heads Up summarizes certain changes to interpretive guidance in the SEC’s “Frequently Asked Questions Regarding the Use of Non-GAAP Measures” (the “FAQs”) made by the issuance of new Compliance and Disclosure Interpretations (C&DIs) on the use of non-GAAP financial measures. The new guidance gives registrants more flexibility to disclose non-GAAP measures in filings with the SEC. The C&DIs replace the FAQs, but the rules on non-GAAP financial measures (Regulation G and Item 10(e) of Regulation S-K) were not amended. The C&DIs include some new and revised interpretations and exclude certain transition issues that had been covered in the FAQs.
Read more in the file attached below or visit the Heads Up Archive for past issues.
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