![]() Software Bots: According to Deloitte’s 2015 survey of global business leaders, automation is a top software priority. Robots, and by extension drones, are best suited for predictable tasks where the cost per error is low (Dhar 2017) and the risk is well managed. Likewise, robots could reduce the danger, monotony, and drudgery of certain tasks. Mechanical Robots: Robots are being used to work alongside human workers for many inventory and warehouse projects all of which could translate to information collection in accounting and auditing. ![]() Drones are more flexible than humans and can carry various data recording and generating devices. Make sure you’re balanced in the way you’re presenting non-GAAP measures: you shouldn’t, for instance, only discuss positive metrics.ĭrones: Declining cost is making devices such as drones and robots more attractive for automated applications. Appropriate changes should include extensive disclosure on the purpose and benefits of the change.Ħ. Examine your presentation of non-GAAP financial measures from period to period for inconsistencies, as changes to non-GAAP financial measures will likely garner scrutiny from the SEC. If you provide non-GAAP financial measures on a per-share basis, the information should directly relate to performance measures.ĥ. Non-GAAP financial measures must receive no greater prominence than GAAP financial measures.Ĥ. Clearly articulate your rationale for using non-GAAP financial measures. Managers should review existing non-GAAP financial measures and disclosures in conjunction with the audit committee and legal counsel to make sure your company is in compliance with SEC rules, as well as to provide a clear and comprehensive view of your company’s performance.Ģ. ![]() Six guidelines to keep earnings presentations and reports in compliance with the SEC’s new guidance:ġ.
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