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CAQ issues publication on non-GAAP measures

  • CAQ (US Center for Audit Quality) Image

Jun 28, 2016

The Center for Audit Quality (CAQ) has released a publication, “Questions on Non-GAAP Measures — A Tool for Audit Committees.”

The purpose of the publication is “to help audit committees continue to assess management's presentation, outside the audited financial statements, of performance metrics that do not conform to [GAAP].” Three main topics are addressed:

  • Transparency — Considerations related to “the purpose, prominence, and labeling of non-GAAP information, specifically in relation to traditional GAAP measurements.”
  • Consistency — The determination of “whether non-GAAP measures are consistent and balanced.”
  • Comparability — A comparison of a company’s presentation of non-GAAP measures with that of its peers.

For more information, see the press release and publication on the CAQ’s Web site.

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