Disclosure initiative — Primary Financial Statements - AcSOC

Date recorded:

At the AcSOC meeting on October 20-21, 2016, the AcSB Chair commented on an Accounting Alert issued by Veritas Investment Research in September 2016 that discussed the rise of non-GAAP metrics in performance measurement. Typically these metrics present a rosier picture of a company’s performance to convince investors that the company is worth more than the GAAP figures might indicate. She said that the IASB has undertaken a disclosure initiative research project to improve guidance to assist entities to provide more relevant disclosures. The research project is also considering the issue of non-GAAP measures.

Review the meeting summary on the AcSOC's Web site.

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