The Securities and Exchange Commission is expected to ask more companies to explain how they calculate performance measures that go beyond U.S. generally accepted accounting principles, a move to gauge whether these metrics could potentially mislead investors. The U.S. securities regulator for years has monitored companies’ use of so-called non-GAAP earnings measures in their financial… Continue reading SEC Expected to Raise More Questions About How Firms Calculate Non-GAAP Measures
Tag: Non-GAAP
Minimum Tax Proposal Would Create Complications for Investors and Companies, Tax Experts Say
A Democratic proposal to tie taxes for big companies more closely to their financial accounting could distort public financial disclosures, inject politics into accounting rule-making and complicate financial reporting for large companies, according to accounting and tax experts and investors. The proposal, which passed the House by a seven-vote margin on Friday, is intended to… Continue reading Minimum Tax Proposal Would Create Complications for Investors and Companies, Tax Experts Say
Tesla’s Growing SEC Problems
The SEC does not disclose its ongoing investigations, but from news reports I believe the Commission has issued a formal order of investigation related to Tesla’s non-disclosure of the Florida autopilot fatality in May. Tesla, despite its initial claims of ignorance, appears to be under investigation by the SEC. I believe the Commission has likely… Continue reading Tesla’s Growing SEC Problems