Are non-GAAP measures helpful or harmful?

U.S. Generally Accepted Accounting Principles (GAAP) are a set of rules and procedures that accountants typically follow to record and summarize business transactions. These guidelines provide the foundation for consistent, fair, honest and accurate financial...

How auditors evaluate the going concern assumption

The AICPA’s Auditing Standards Board (ASB) recently issued an exposure draft that would amend the guidance for how an auditor evaluates a company’s financial viability. The proposal deals with the uncertainties auditors face when the going concern basis of accounting...