Silicon Valley nightmare: SEC wants to crack down on screwball accounting gimmicks – Los Angeles Times

Silicon Valley nightmare: SEC wants to crack down on screwball accounting gimmicks – Los Angeles Times


Los Angeles Times

Silicon Valley nightmare: SEC wants to crack down on screwball accounting gimmicks
Los Angeles Times
The issue was “non-GAAP” financial measures — that is, those that don’t conform to generally accepted accounting principles. Non-GAAP measures are rife throughout the financial reports of tech companies, especially trying to make red ink look not so

Silicon Valley nightmare: SEC wants to crack down on screwball accounting gimmicks – Los Angeles Times