In brief: Regulators and the media have sharpened their focuses on the expanding use of financial metrics not based on Generally Accepted Accounting Principles (GAAP). Companies may use non-GAAP metrics to supplement reported earnings with relevant information for shareholders about the company’s performance.

At a recent meeting of the NACD Audit Committee Chair Advisory Council, Fortune 500 directors discussed board and committee roles in the oversight of non-GAAP financial measures. The discussion revealed several questions audit committee members should consider, including:

This resource can help your board:

Most relevant audiences: Audit committee members