SEC chief accountant warns against mischief in non-GAAP reporting
May 03, 2018
On May 3, 2018, Accounting Today published an article on how Wesley Bricker, the chief accountant at the Securities and Exchange Commission (SEC), cautioned an audience of accountants against any mischief with non-GAAP financial measures.
Mr. Bricker told the attendees at Baruch College’s Financial Reporting Conference in New York: “With non-GAAP and other disclosures, our rules require that companies must have disclosure controls and procedures, which typically would include appropriate governance practices regarding the measures and policies and controls that prevent error, manipulation, or mischief with the numbers, including a policy that addresses how any changes in the non-GAAP measure will be reported and how corrections of errors will be evaluated”.
Review the full article on Accounting Today's website.
