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Non-GAAP in Context: A Q&A with Deloitte’s Dave Sullivan

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Nov 03, 2016

On November 3, 2016, the Financial Executives International (FEI) released a Q&A where FEI Daily spoke with Dave Sullivan, National Managing Partner of Deloitte’s Quality and Professional Practice, regarding his thoughts about the future of non-GAAP reporting.

Regulators have indicated that they will be focused on preparers’ use of non-GAAP measures, meaning that senior financial executives will need to have a vibrant control structure to support them.

In the Q&A, Mr. Sullivan mentions that "there isn’t empirical evidence to say where companies are with respect to non-GAAP. They run the gamut in terms of the sophistication of controls over the development and reporting of non-GAAP measures. That’s probably driven by a lot of things, but maybe driven at least in part by the fact that since they don’t have to be tested by the auditors in the internal control audit, they might not get the same attention."

Review the Q&A on the FEI's website.

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