Non-GAAP Financial Measures: Continuing the Conversation explores the issue of non-GAAP information, providing context on its definition and use, pertinent regulatory developments, and the current level of auditor involvement. Additionally, the paper compiles sets of suggested questions for key stakeholder groups to consider regarding their preparation or use of non-GAAP financial measures. These stakeholders include management, investors, investment analysts, securities counselors, audit committee members, internal auditors, independent auditors, regulators, accounting standard setters, and academics.
Non-GAAP Financial Measures: Continuing the Conversation builds on the CAQ's June 2016 publication, Questions on Non-GAAP Measures: A Tool for Audit Committees. The CAQ plans to use the questions in these papers at roundtables and panels to further the dialogue around non-GAAP financial measures.