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Pro Forma Before and After the SEC's Warning: A Quantification of Reporting Variances from GAAP
Pro Forma Before and After the SEC's Warning A Quantification of Reporting Variances from GAAP Author:Wanda A. Wallace, Financial Executives Research Foundation This detailed report provides timely, systematic data regarding the practice of pro forma reporting from 1998 through January 2002. It evaluates the implications of both self-regulatory and regulatory events including the release of the FEI/NIRI best practices guidelines and the SEC's Dec. 2002 cautionary advice to companies and their advisors. ... more »An extensive Appendix provides 78 corporate time-series profiles illustrating the evolution of EBITDA and pro forma reporting.« less