FMA nudges listed companies to do better over non-standard reporting

FMA nudges listed companies to do better over non-standard reporting
By Paul McBeth Sept. 27 (BusinessDesk) - The Financial Markets Authority can see some signs of improvement in the way listed companies report their earnings with non-standard measures, but expects firms to do better. The market watchdog completed its first review of non-Generally Accepted Accounting Principles (GAAP) disclosures after issuing guidance on the non-standard measures in September last year. Across 23 listed issuers reviewed, total GAAP profit reported was $2.34 billion, compared to $4.14 billion reported on the non-GAAP measures...