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In the last fifteen years many Firms have reported pro forma and non GAAP results. What is meant by those terms? What are the arguments
In the last fifteen years many Firms have reported pro forma and non GAAP results. What is meant by those terms? What are the arguments for and against pro forma reporting? What is the SEC's current reporting requirement when such figures are presented. Provide an example where a company was charged by the SEC for pro forma reporting violation?
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