Speech by Hans Hoogervorst: ‘Mind the Gap (Between non-GAAP and GAAP)’

Hans Hoogervorst, Chairman of the International Accounting Standards Board (IASB), has today delivered a speech in Seoul, Korea, highlighting the potential challenges linked to companies’ reporting of alternative performance measures, also known as non-GAAP (generally accepted accounting principles) measures. He said there are no problems with companies providing additional information to investors, but highlighted the need for some ground rules to be established to prevent the presentation of misleading information.

Read the full full press release and speech.

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