temporary decline in the frequency of non-GAAP reporting following Regulation G, the incidence of non-GAAP disclosure has … perspective on policy implications for both regulation and standard setting. We contend that current Compliance and Disclosure … result, we advocate a slight relaxation of the current enforcement of Regulation G. We agree with FASB proposals for greater …

This paper uses three alternating changes in hedge fund regulation to study whether regulation reduces hedge funds …' misreporting, and, if so, why regulation is effective. Relative to public companies, hedge fund regulation is relatively light …, providing that they disclose their lack of compliance. The results show that regulation reduces misreporting at hedge funds …