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A new report shows rapid growth in the use of non-GAAP measures over the past decade in Canada. (cacaroot/Getty Images/iStockphoto)
A new report shows rapid growth in the use of non-GAAP measures over the past decade in Canada. (cacaroot/Getty Images/iStockphoto)

Canadian securities regulators on high alert over misleading earnings statements Add to ...

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Canadian regulators are warning companies not to mislead investors with non-standard financial measures in their press releases and other securities filings, and have asked some companies to change their practices or refile statements.

Ontario Securities Commission chief accountant Cameron McInnis said securities regulators across Canada have seen the growing use of non-standard accounting measures in recent years, and issued new guidelines to companies earlier this year to stress that the numbers must be presented fairly.

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