FMA seeks tighter disclosure of non-GAAP measures that can make companies look better

Tue, 28 Mar 2017

By Jonathan Underhill March 28 (BusinessDesk) - The Financial Markets Authority has proposed an update to its guidance for companies who use financial information that doesn't follow generally accepted international rules after a survey found three-quarters of them emphasised numbers that made profits look bigger. The markets regulator has released an update to its 2012 guidelines on the use of non-GAAP financial information for feedback by April 7. The new guideline repeats that while non-GAAP information can be useful in providing addit...

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