Are the use of non-GAAP financial measures ethical?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
One of the objectives of the SarbanesOxley Act of 2002 SOX was to eliminate the manipulative or misleading use of nonGAAP financial measures and at th...View the full answer
Answered By
Bhartendu Goyal
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions. I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge. I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields. Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a tea...
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Ethical Obligations and Decision Making in Accounting Text and Cases
ISBN: 978-1259730191
4th edition
Authors: Steven Mintz, Roselyn Morris
Question Posted:
Students also viewed these Accounting questions
-
1. In the end, Success Factors investors were not hurt by this alleged improper accounting because SAP paid such a high premium to acquire the firm, which helped SAP jump-start its cloud computing...
-
Why are non-GAAP financial measures used by many investors and analysts?
-
Explain the SEC rules and regulations applicable to the public disclosure of non-GAAP financial measures.
-
Rice and Flower were partners sharing profit and loss equally. Statement of Financial Position as at 31 December 2020. Non current Assets Premises Machinery Vehicles Fittings Current Assets Inventory...
-
Would Crystal Ball be useful in assessing Sams plan and changing it, if necessary?
-
Gerald/Brooke, Ltd. manufactures shirts, which it sells to customers for embroidering with various slogans and emblems. The standard cost card for the shirts is as follows. Bobby Brickley, operations...
-
Based on the following pedigree for a trait determined by a single gene (affected individuals are shown as filled symbols), state whether it would be possible for the trait to be inherited in each of...
-
The management of Zigby manufacturing prepared the following estimated balance sheet for March, 2013: To prepare a master budget for April, May, and June of 2013, management gathers the following...
-
Arbon Company has three service departments and two operating departments. Selected data concerning the five departments are presented below: Costs Number of employees Square metres of space occupied...
-
Consider the set of matrices {[1] (a) Prove that if a GL(Z), then there exists y E GL2(Z) such that [1 GL(Z) = a, b, c, d e Z and ad-bc= te=1} xy=yx = 1, where I = (b) Prove that if ,2 GL2(Z), then...
-
The SEC's new rules on posting financial information on social media sites such as Twitter means that companies can now tweet their earnings in 140 characters or less. What are the problems that may...
-
The auditor of Beastie Company is reviewing the following client information for the prior year ended December 31, 2015, and all four quarters of 2016. Characterize the accruals as discretionary or...
-
CareMed, an HMO health care provider, operates a 24-hour outpatient clinic in Draperton, near the Tech campus. The facility has a medical staff with doctors and nurses who see regular local patients...
-
Explain the Hofstede dimensions for the UK and Kuwait and the cultural challenges that Kuwaitis may face in the UK.
-
Let 3 be a number in the interval (0, 00). What kind of distribution do we get if we set 3 = 1 in the Weibull distribution?
-
During the audit of Power Ltd. The auditor, John Higgins, noted that there were four shipments of imported raw materials totaling $700,000 which documentation showed had been paid for in cash from a...
-
Explain how the model of monopoly can be used to analyze the nature of any market that you are familiar with in the United States.
-
The Equal Pay Act of 1963 prohibited employers from paying different wages to workers who performed the same work but differed by gender. There were for exceptions to this standard. List the four...
-
Let F be the language of all strings over {0,1} that do not contain a pair of 1s that are separated by an odd number of symbols. Give the state diagram of a DFA with five states that recognizes F....
-
Use multiplication or division of power series to find the first three nonzero terms in the Maclaurin series for each function. y = e x2 cos x
-
Answer the following questions about financial statement restatements. a. What are financial statement restatements? b. When should financial statements be restated? c. Assume the auditor has...
-
Do you believe the end-user cares whether the lead audit engagement partner signs his or her name to the report or the firm simply files Form AP with the PCAOB? Explain.
-
Assume you are inspecting EYs audit of Medicis Pharmaceutical Corporation for the PCAOB. Read through the information provided about the case in the chapter and identify the factors the auditors...
-
"Beginning Transactions" on the first Excel worksheet will provide the Balance Sheet for 2019 and the Transactions for January 2020. On the second Excel worksheet, "Journal Entries" , you should...
-
Discuss feminist ideology a) What is feminism as an ideology? How do feminists explain and understand the root cause of gender inequality and what do they propose to do? Include a discussion of...
-
You invest $ 1 , 1 0 0 at a 1 2 % annual interest rate, stated as an APR. Interest is compounded monthly. How much will you have in 1 . 5 years? In 2 years? ( Do not round intermediate calculations....
Study smarter with the SolutionInn App