Tagged: non-GAAP

SEC Fines ADT Inc. $100k for Non-GAAP Disclosure in Earnings Releases

Audit Committees and Independent Auditors / Exchange Act Reporting and Disclosure Effectiveness / Investor Relations and Communications

9 Jan, 2019

SEC Fines ADT Inc. $100k for Non-GAAP Disclosure in Earnings Releases

On December 26, 2018, the SEC filed a cease-and-desist order and fined ADT Inc. (“ADT”) $100,000 for its use of non-GAAP financial measures without giving equal or greater prominence to the comparable GAAP financial measures. The order serves as a reminder of the importance of the SEC’s “equal or greater prominence” rule when disclosing non-GAAP financial measures, even when comparable GAAP financial measures are also...

SEC Issues Guidance to Tighten Use of Non-GAAP Financial Measures

Exchange Act Reporting and Disclosure Effectiveness / Investor Relations and Communications / SEC Rulemaking

18 May, 2016

SEC Issues Guidance to Tighten Use of Non-GAAP Financial Measures

Many companies rely on non-GAAP financial measures to help explain company performance. The SEC is paying attention to the use of non-GAAP numbers and has provided more guidance to issuers. See our summary here: https://www.dorsey.com/newsresources/publications/client-alerts/2016/05/tighten-use-of-non-gaap-financial-measures

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