All publicly traded companies must annually disclose their financial performance to the public: GAAP audits ensure that these disclosures are valid. Every year, independent accountants review a ...

The Canadian Securities Administrators (“CSA”) published for comment proposed amendments (the “Proposed Amendments”) to ...

A new 23-page Technical Question & Answer (TQA) document issued by the AICPA will help preparers and practitioners determine if their client is a public business entity under the updated U.S. GAAP ...

For example, “sales per square foot” was listed in SN 52-306 among other performance measures “not considered to be non-GAAP financial measures”, but would become a non-GAAP measure (unless the ratio ...

While the SEC moves toward a 2011 vote on whether to require U.S. public companies to report using IFRS, a more compact version of the international standards is ...

Revenue was $77.7 billion and increased 18% (up 17% in constant currency) Operating income was $38.0 billion and increased 24% (up 22% in constant currency) Net income, on a GAAP basis, was $27.7 ...