GAAP

1677 days ago

The dangers of Non - GAAP Measures, Thomas Cook the tip of the iceberg

In the demise of Thomas Cook (TCG) there was a degree of focus in the Press on the use on Non-GAAP metrics (“GAAP” being generally accepted accounting policies) and Ernst & Young’s role as auditor in auditing those measures.  However, the Deadwood Press as usual missed the wider story.

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