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New CAQ Paper Promotes Stakeholder Dialogue on Non-GAAP Financial Measures

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Dec 05, 2016

On December 5, 2016, the Center for Audit Quality (CAQ) released a new resource "Non-GAAP Financial Measures: Continuing the Conversation."

The publication explores the issue of non-GAAP information, providing context on its definition and use, pertinent regulatory developments, and the current level of auditor involvement. It builds on the CAQ's June 2016 publication, Questions on Non-GAAP Measures: A Tool for Audit Committees.

Additionally, the paper compiles sets of suggested questions for key stakeholder groups to consider regarding their preparation or use of non-GAAP financial measures. These stakeholders include management, investors, investment analysts, securities counselors, audit committee members, internal auditors, independent auditors, regulators, accounting standard setters, and academics.

Review the publication on the CAQ's website.

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