Paul Dudek writes that foreign private issuers should remember best practices for complying with the SEC's rules as they prepare their earnings releases and filings, in an article for International Financial Law Review.

While the US financial reporting community has been actively immersed in recent efforts by the staff of the US Securities and Exchange Commission (SEC) with respect to non-generally accepted accounting principles (GAAP) financial measures, much less attention has been paid to how foreign private issuers (FPIs) registered with the SEC need to comply with the SEC’s non-GAAP rules. As such, there is a need to look at the SEC’s non-GAAP rules, and how they apply to FPIs. It also provides timely practice points for FPIs to keep in mind as they prepare their earnings releases and SEC filings and notes work by other international regulators relating to non-GAAP measures.

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