Public companies using non-GAAP financial measures continue to draw regulatory scrutiny and media attention.
Though these companies use the measures to provide what they believe is relevant supplemental information to GAAP numbers, the SEC repeatedly cautions the use of non-GAAP must be for appropriate purposes.
Join our experts for a free Intelligize-sponsored webinar on Wednesday, April 29, 2020 at 1 p.m. EDT to:
- Revisit the nature and purpose of non-GAAP financial measures
- Review the current regulatory framework, including Regulation G, item 10(e) of Regulation S-K and the C&DIs issued by the SEC’s Division of Corporation Finance
- Examine recent SEC guidance on key performance indicators (KPIs) and metrics used in MD&A and other company disclosures
- Examine recent SEC guidance on non-GAAP financial measures in COVID-19 disclosures
- Examine recent SEC comment letters on non-GAAP financial measures and KPIs and identify areas of concern of the SEC’s Division of Corporation Finance
- Look at SEC enforcement actions related to non-compliance
- Examine audit committee and management roles in compliance and effective disclosure controls
- Offer practical suggestions for ongoing compliance with SEC rules and guidance on non-GAAP financial measures, KPIs and metrics
Speakers:
Ryan Castillo
Counsel, Mayer Brown LLP
Laura D. Richman
Counsel, Mayer Brown LLP