KM-1 Misleading Metrics

Evaluate whether company-defined metrics fairly represent performance.

Checks

• Audit GAAP-to-non-GAAP reconciliations for recurring exclusions.
• Test EBITDA/adjusted metrics vs cash-flow reality.
• Detect KPI definition drift across periods.
• Cross-check compensation metrics against promoted non-GAAP metrics.

Output

Return JSON with shenanigan, risk_level, flags, supporting_evidence, adjustments_table, and recommended_follow_up.