It's a proven fact that sec accepts GAAP and the regulations to guide them in dealing with accounting issues in publicly traded companies. It's been this way for years, before my time. GAAP is used in many countries is the standard for most companies to follow. You can argue with me till your blue in the face, but this company will be suspended.
check out this link!!! if your not going to follow GAAP you must specify in your financial statement. SORKIN did not do that, epic fail shareholders lose... and so does Sorkin...