Tag: non-GAAP measures

CAQ issues new roadmap for audit committees on non-GAAP measures

The Center for Audit Quality has issued a new guide for audit committees related to non-GAAP financial measures. Based on information gained from a series of roundtables held in 2017,  Non-GAAP Measures: A Roadmap for Audit Committees identifies common themes and key considerations for audit committees, including leading practices to help assess whether a company’s non-GAAP measures present “high-quality non-GAAP measures.”  And what exactly is a “high-quality non-GAAP measure”? According to the CAQ, a non-GAAP measure is high-quality if it provides a “balanced representation of the company’s performance.” 

SEC Chief Accountant addresses audit committee effectiveness

by Cydney Posner In a recent speech at the University of Tennessee, “Advancing the Role and Effectiveness of Audit Committees,” SEC Chief Accountant Wes Bricker discusses his recommendations for — wait for it — improving the effectiveness of audit committees.  The speech addresses issues such as diversity, work overload, tone […]