The US Securities and Exchange Commission (SEC) has proposed allowing public companies to switch to semiannual reporting instead of the current quarterly schedule. However, a survey from KPMG indicates that companies and investors are more likely to continue with their current quarterly practices, due to internal governance requirements, investor expectations, and the potential impact on company strategies and market transparency.
For decades, public company finance teams have lived by a familiar calendar: close the books, review the numbers, draft the disclosures, survive earnings week, catch your breath, then start again. That three month rhythm may soon become a choice rather th...
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