Mark Kronforst, the SEC’s corporate finance chief accountant, told The Wall Street Journal, “We are sending a message and we are going to continue talking about it.” He noted that non-GAAP metrics can mislead investors, so the SEC is devoting more attention to them. SEC Chair Mary Jo White hinted that new regulations might be in order, saying, “We have a lot of concern in that space.”

About the Authors

Curtis C. Verschoor , CMA, CPA
Curtis Verschoor, CMA, CPA, is the Emeritus Ledger & Quill ­Research Professor, School of Accountancy and MIS, and an honorary Senior Wicklander Research Fellow in the Institute for Business and Professional Ethics, both at DePaul University, Chicago. He is also a Research Scholar in the Center for Business Ethics at Bentley University, Waltham, Mass., and Chair-Emeritus of IMA’s Committee on Ethics. Trust Across America—Trust Around the World awarded him a Lifetime Achievement Award in 2016. In 2017, IMA published his book, Curt Verschoor on Ethics. His email address is curtis­verschoor@sbcglobal.net.

November 2016

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