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Non-standard accounting measures: the media, regulators, and shareholders zero in

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Sep 30, 2016

In September 2016, Norton Rose Fulbright released a publication where they discuss how non-standard accounting practices have been gaining in popularity among Canadian publicly traded companies. Issuers that rely solely on standard accounting metrics now make up a small minority of the companies listed in the S&P 500 and S&P/TSX 60.

Many issuers believe that non-standard measures are a better reflection of performance than Generally Accepted Accounting Principles (GAAP), which for Canadian issuers typically conform to IFRS. Yet there are growing concerns that non-GAAP measures are being used to inflate earnings and present a more positive picture of financial performance.

Issuers should ensure that their accounting and related disclosure practices align with the expectations and requirements of investors and regulators.

Review the publication on Norton Rose Fulbright's website.

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