Misleading Metrics? Non-GAAP Disclosures

December 15, 2016 – Media Mention
CFO Magazine

Richard Morris was quoted in an article addressing the increasing prevalence of non-GAAP metrics, metrics meant to supplement GAAP information, in public company financial reports. Referring to the SEC guidance on the use of non-GAAP metrics as insufficient in reporting, Rick said, "This is the SEC trying to help us.... And soon, those who don't take the guidance seriously are going to be the recipients of enforcement actions."