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PRODID:-//Session events Calendar//IBA//EN
CALSCALE:GREGORIAN
VERSION:2.0
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DTSTAMP:20260428T191401Z
DTSTART:20171011T093000Z
DTEND:20171011T104500Z
SUMMARY:Pro forma-adjusted recurring currency-corrected like-for-like EBI
 TDA\, or what the regulators giveth\, the regulators taketh away
DESCRIPTION:No area of capital markets activity has seen more creativity 
 than the efforts of management\, financial sponsors and investment banke
 rs to escape the constraints of accounting rules when it comes to presen
 ting company financial performance. Alternative measures of financial pe
 rformance\, in ever-more exotic forms\, abound in company reports\, init
 ial public offering (IPO) prospectuses and associated marketing material
 s\, often telling quite a different story from International Financial R
 eporting Standards (IFRS)/generally accepted accounting principles-compl
 iant measures. After several years of following a relatively relaxed app
 roach to such information\, regulators in many countries are increasingl
 y clamping down on perceived abuses of alternative performance measures 
 through guidance limiting their use and presentation. This panel will ex
 plore the uses\, and abuses\, of such alternative performance measures f
 rom a variety of perspectives – private equity\, banking\, the buy-side\
 , auditing and legal – and investigate whether such measures actually he
 lp attain the objectives for which they are used.
LOCATION:Room C4.6\, Convention Centre\, Level 4
UID:26625c36-7491-4275-9e95-19f48a878193
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