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You are a partner in a regional CPA firm, Swearingen & Gray, with 14 offices covering the Eastern United States. Your firm routinely publishes and
You are a partner in a regional CPA firm, Swearingen & Gray, with 14 offices covering the Eastern United States. Your firm routinely publishes and distributes reports to its clients that cover current accounting and financial reporting topics. You have been asked by James Swear- Ingen, the managing partner of your firm, to prepare such a report on the use of non-GAAP measurements in annual reports, an issue about which the SEC has recently voiced serious concern. In your report, Mr. Swearingen has asked you to cover these topics and others you consider important.
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Historiclly the Securities nd Exchnge Com mission SEC hs been wry of llowing public compny disclosure of finncil mesures tht re not in ccordnce with Generlly Accepted Accounting Prctices GAAP citing t...Get Instant Access to Expert-Tailored Solutions
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