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  • 1.  Non-GAAP Financials

    Posted 04-14-2022 20:15
    Edited by Sarmad Azhar 04-22-2022 10:14
    What I don't understand is why a public trade company that has ASSETS overseal are allowed to publish NON-GAAP FINANCIALS. I understand unaudited financials, NON-GAAP in my opinion is the biggest RED FLAG there is.

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    Sarmad Azhar, CSSC_CLSSGB, CMSA®, CFE, CBCA®,, FMVA®, FP&A, MSA, MSHCM

    Aubrey TX
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  • 2.  RE: Non-GAAP Financials

    Posted 04-15-2022 08:00
    You might have GAAP differences from one country of presence to another.  China may have different depreciation rules from say the US.





  • 3.  RE: Non-GAAP Financials

    Posted 04-17-2022 00:52
    Non-GAAP publicly traded companies uses IAS-IFRS: the principles base standard to prepare financial and economic affairs so as to be able  to have consistent; transparency and easier comparison around the world; as such, It is  allowable in US. Especially,  if the Holding company is offshore and Sister company is in US. GAAP is a rule base;  national and statutory set up by FASB of the country and it is mandatory to be used by all public traded entities in that country.