re: Corporate reporting - move from quarterly to semiannual reporting?

From an external audit perspective. I work at a big 4 in more of a consulting role, but I know a lot of the audit guys. On some of these huge complex audits it's just nearly impossible to get everything done for all the required reporting. For annual reporting they are almost literally living in the office and when it gets down to the last days they are pretty much just signing stuff because it has to be done, but they didn't have to time to really do it. I do think this move will help that a little, and i don't think there will be much loss of useful information.