Auditing almost serves no value besides a few misstatements here and there. Every company and analyst is reporting on non-gaap figures. The numbers we don't even audit

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Correct, but Investors only read press releases and analysts base valuations on non-gaap. So much work done around gaap, pointless

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Someone should tell that to the SEC....big focus on removing non-gaap measures from press releases lately.

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Reporting adjustments to GAAP numbers (i.e. the end result being a non-GAAP number) in a Press Release or the equivalent is very different than merely reporting non-GAAP numbers, which I assume is not the case.

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All the trading is done on the earnings release and non-gaap numbers, the statements themselves are whatever. As long as you aren't a dying business trying to fudge the non-GAAP and give it greater prominence, worst case you get a comment.

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Haha exactly SFA

Most banks require an audit from nationally recognized auditor. So if you want to be able to expand, leverage assrts, etc. it is a necessary evil.

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