Is non-GAAP reporting unethical?

• Autores: Curtis C. Verschoor
• Localización: Strategic Finance, ISSN-e 1524-833X, Vol. 96, Nº. 4, 2014, págs. 14-17
• Idioma: inglés
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• Resumen

  • The article argues on the integrity of non-Generally Accepted Accounting Principles (GAAP) in the U.S. as of April 2014. The financial reporting system is said to be misleading as it results in higher earnings and larger executive compensation. Also mentioned are measures of relevance and usability with regards to GAAP such as Accounting Series Release (ASR) No. 142, Conditions for Use of Non-GAAP Financial Measures, Sarbanes-Oxley Act of 2002 (SOX), and Revenue Reconciliation Act.