Non-GAAP financial measures
KPMG provides in-depth guidance on the SEC rules on non-GAAP financial measures, with examples and illustrative SEC comments. The guidance also includes the rules for foreign private issuers applying IFRS.
Applicability
SEC Regulation G and Regulation S-K Item 10(e)
Relevant dates
Key impacts
Provides interpretive guidance on Regulation G, Regulation S-K Item 10(e) and Instruction 2 to Item 2.02 Form 8-K. This includes:
- Specific requirements and prohibitions applicable for public disclosures, SEC filings and furnished Form 8-Ks
- Explanation of C&DIs and illustrative SEC comments based recent public filings
- Additional considerations related to EBIT and EBITDA, segment disclosures, and REIT reporting
- Exemptions available to foreign private issuers, including those applying IFRS
- Management’s responsibilities related to non-GAAP financial measure disclosure and control procedures
Report contents
- Background
- The rules
- The general requirements
- Specific considerations
- Earnings releases and similar announcement
- Foreign private issuers
- Controls and non-GAAP financial measures