08/26/2026
For more than 50 years, quarterly reporting has been the standard for public companies. The SEC's newest proposal could change that.
Our managing partner, Wayne Pinnell, was quoted in Business by LA Times Studio on what a shift to semiannual reporting would mean in practice. His take: investors will need to lean more on Form 8-K filings and press releases to stay informed between the now-reduced number of periodic reports, and audit teams will not see lighter workloads, just tighter ones. Interim reviews are currently done quarter by quarter, whereas semi-annual reviews would look at cumulative data for two quarters to meet the same 40-45 day reporting deadline. Auditors will need to work with their clients who choose the semi-annual reporting option to spread the work out to minimize scheduling conflicts that come with tight timelines.
The comment period on this proposal closed in July. The SEC has not yet indicated when it will issue a final rule or set a compliance date, so that remains the next milestone to watch as the rulemaking process moves forward.
Read the full article here: https://touch.npaper2.com/business--visionaries/read/?pid=20653 #?dpg=1