Accenture plc has responded to the Securities and Exchange Commission (SEC) regarding comments on its Form 10-K for the fiscal year ended August 31, 2023. The SEC's letter, dated March 5, 2024, addressed to KC McClure of Accenture, highlighted the need for the company to clearly label certain financial metrics as non-GAAP measures. Specifically, the SEC pointed out that Accenture's effective tax rate and diluted earnings per share, which excluded business optimization costs and investment gain, were not clearly marked as non-GAAP. Accenture acknowledged the SEC's comments and committed to making the necessary adjustments in future filings, starting with the Quarterly Report for the period ended February 29, 2024. The company will label these metrics as 'adjusted' and provide a tabular...Show More

Accenture plc has responded to the Securities and Exchange Commission (SEC) regarding comments on its Form 10-K for the fiscal year ended August 31, 2023. The SEC's letter, dated March 5, 2024, addressed to KC McClure of Accenture, highlighted the need for the company to clearly label certain financial metrics as non-GAAP measures. Specifically, the SEC pointed out that Accenture's effective tax rate and diluted earnings per share, which excluded business optimization costs and investment gain, were not clearly marked as non-GAAP. Accenture acknowledged the SEC's comments and committed to making the necessary adjustments in future filings, starting with the Quarterly Report for the period ended February 29, 2024. The company will label these metrics as 'adjusted' and provide a tabular reconciliation of diluted earnings per share to comply with Regulation S-K Item 10(e)(1)(i) and the SEC's Compliance and Disclosure Interpretations on Non-GAAP Financial Measures. Additionally, Accenture will present the income tax effects of the non-GAAP adjustments as a separate line item with an explanatory footnote, as suggested by the SEC.