SEC guidance on non-GAAP financial measures

  • SEC (US Securities and Exchange Commission) (dark gray) Image

17 Jan 2010

The staff of the US Securities and Exchange Commission has issued Compliance and Disclosure Interpretations (C&DIs) on disclosure of non-GAAP financial measures.

Among other things, the new guidance clarifies that the SEC does not discourage registrants from disclosing non-GAAP financial measures in filings with the SEC. For example, one of the new Q&A clarifies that there is no prohibition against disclosing a non-GAAP financial measure that is not used by management in managing its business. Click for SEC Guidance on Non-GAAP Financial Measures (PDF 48k). Deloitte United States has published a Heads Up Newsletter (PDF 100k) explaining the SEC's new guidance.


Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.