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re: Corporate reporting - move from quarterly to semiannual reporting?
Posted on 8/17/18 at 3:29 pm to MusclesofBrussels
Posted on 8/17/18 at 3:29 pm to MusclesofBrussels
quote:
I know EU and Australia are both semi-annual, think China is annual with lite disclosures quarterly.
To be fair though, why would the most powerful business country the world has ever known by an exponential portion want to model themselves after places like Australia, Belgium, and China?
It could easily be argued that they only do Semi annual reporting because they are freaking lazy.
I agree it makes certain sense, I agree it saves money, and I agree others already do it. I'm just not sure in an ideal world its the best thing to do.
1
Posted on 8/17/18 at 3:43 pm to baldona
quote:
To be fair though, why would the most powerful business country the world has ever known by an exponential portion want to model themselves after places like Australia, Belgium, and China?
It could easily be argued that they only do Semi annual reporting because they are freaking lazy.
Accounting standards are much more stringent and uniform in Europe than they are here.
Posted on 8/17/18 at 3:52 pm to Mingo Was His NameO
quote:
Accounting standards are much more stringent and uniform in Europe than they are here.
Its a lot easier to be more stringent when you have to do the work half as much though right?
Posted on 8/17/18 at 3:53 pm to Mingo Was His NameO
quote:
Accounting standards are much more stringent and uniform in Europe than they are here.
They also make more sense most of the time. Which is probably why we are converging more toward their standards instead of the other way around.
Posted on 8/17/18 at 3:59 pm to baldona
quote:
Its a lot easier to be more stringent when you have to do the work half as much though right?
Not really.
Posted on 8/17/18 at 3:59 pm to Mingo Was His NameO
quote:so you're saying they aren't about the non-gaap
Accounting standards are much more stringent and uniform in Europe than they are here.
This post was edited on 8/17/18 at 3:59 pm
Posted on 8/17/18 at 4:23 pm to baldona
quote:
Its a lot easier to be more stringent when you have to do the work half as much though right?
IFRS annual reports for public companies tend to be much longer with way more information than their American counterparts, so it probably evens out in the grand scheme of things.
Posted on 8/17/18 at 7:01 pm to FinleyStreet
quote:
The federal govt hasn't had a clean audit in well over a decade.
The government is not audited as a single entity to start with. It's just too big.
Individual agencies are audited though and many do get clean opinions. Some do not, of course.
Posted on 8/17/18 at 7:15 pm to foshizzle
quote:
The government is not audited as a single entity to start with. It's just too big.
Individual agencies are audited though and many do get clean opinions. Some do not, of course.
Each agency is separately assessed but ultimately consolidated into one, kind of like a company with various subsidiaries and branches.
Posted on 8/17/18 at 8:13 pm to FinleyStreet
quote:
Each agency is separately assessed but ultimately consolidated into one
There is indeed a consolidated Financial Report of the United States, but that is a different thing. You said the federal government has never had a clean audit opinion. The government is not audited as a single entity to begin with.
Posted on 8/17/18 at 9:08 pm to NC_Tigah
All for it
But it will never happen
But it will never happen
Posted on 8/18/18 at 6:46 am to leoj
quote:
I don’t think so. My company is publicly listed on a German exchange and they release quarterly results.
quote:
German companies to slim down quarterly reporting
Reuters Staff
JANUARY 8, 2016
FRANKFURT, Jan 8 (Reuters) - German companies are expected to slim down their quarterly reporting as new rules from stock market operator Deutsche Boerse require them to publish full-blown information only twice a year.
A survey by German investor relations advisor Cometis showed only 18 percent of Germany’s prime listed companies do not plan to change their quarterly reporting procedures following the rules that took effect in December.
LINK
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