Navigating the Regulatory Landscape: GAAP and Non-GAAP Compliance in Financial Reporting

GAAP, or generally accepted accounting principles, are standardized guidelines established by the Financial Accounting Standards Board (FASB) and overseen by the U.S. Securities and Exchange Commission (SEC) to ensure uniformity and reliability in financial reporting, enhancing transparency and comparability for stakeholders, and are mandated for use by all public companies, with broader adoption across various sectors, providing a preferred framework for financial accountability and transparency.