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SEC staff updates C&DIs on non-GAAP measures

  • SEC (US Securities and Exchange Commission) Image

May 17, 2016

The staff in the SEC’s Division of Corporation Finance has updated its compliance and disclosure interpretations (C&DIs) on non-GAAP measures to reflect its current views on registrants' use of such measures.

The updated guidance addresses questions on the presentation and composition of non-GAAP measures (as well as the most directly comparable GAAP measures) and the use of specific measures such as "funds from operations" and "free cash flow."

For more information, see Deloitte's related journal entry as well as the C&DIs the SEC’s Web site.

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