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SEC staff updates C&DIs on non-GAAP financial measures

  • SEC (US Securities and Exchange Commission) Image

Oct 18, 2017

The staff in the SEC’s Division of Corporation Finance has released an update to certain compliance and disclosure interpretations (C&DIs) related to non-GAAP financial measures associated with business combinations.

Specifically, the SEC has added Question 101.01, which addresses whether “financial measures included in forecasts provided to a financial advisor and used in connection with a business combination transaction” constitute non-GAAP measures. In addition, the previous Question 101.01 has been amended and renumbered to 101.02 and the previous Question 101.02 has been renumbered to 101.03.

For more in­for­ma­tion, see the non-GAAP financial measures C&DIs on the SEC’s Web site.

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