SEC Chair White Alludes to SEC’s Continued Focus on Non-GAAP Financial Measures
In a speech delivered last month at the American Institute of Certified Public Accountants (“AICPA”) national conference about maintaining high-quality and reliable financial reporting, Securities and Exchange Commission (“SEC”) Chair Mary Jo White suggested that the SEC will continue to scrutinize the use of financial measures that do not conform with U.S. Generally Accepted Accounting Principles (“GAAP”).