SEC, Do Your Job!

Jon Blogosphere, Government, Market Commentary

It looks like the SEC is finally ready to put a stop to accounting shenanigans.
The Securities and Exchange Commission is finally going to do its job and put a stop to the accounting hanky-panky that artificially inflates profits.
According to Dow Jones, the SEC is getting ready to step up its scrutiny of companies’ ‘homegrown earnings measures,’ signaling it plans to target firms that ‘inflate their sales results and employ customized metrics that stray too far from accounting rules.’
Pro Forma Earnings vs. GAAP
Pro Forma earnings are when you adjust for unusual, non-recurring, one-time expenses. Examples:

This post was published at Mauldin Economics on MAY 20, 2016.