We examine whether auditor style is associated with non-GAAP disclosures. Specifically, we find that clients audited by the same auditor are more likely to disclose non-GAAP earnings in a similar manner. We assess disclosure similarity using (1) the decision to disclose non-GAAP earnings, (2)...

We examine how SEC comment letters asking firms to remove full non-GAAP income statements affect those firms' information environments. Using a difference-in-difference design, we find that the informativeness of non-GAAP earnings and earnings announcements decreases, information asymmetry...

While conditional conservatism is useful to investors and creditors for various reasons, it potentially reduces the usefulness of GAAP earnings for valuation by investors. Consistent with this conjecture, we find evidence suggesting that conditional conservatism reduces GAAP earnings...

We examine the association between I/B/E/S's disclosure of non-GAAP earnings and investor uncertainty around earnings announcements. On one hand, investor uncertainty may decrease with I/B/E/S's non-GAAP disclosure because these disclosures make investors aware of alternative performance...