The value of quarterly reporting

Do the merits of quarterly financial reporting outweigh its shortcomings? Should the $75 million market capitalisation threshold be raised or should Singapore revert to half- yearly statements?

Philip Yuen

Chief Executive Officer

Deloitte Singapore

WE acknowledge that quarterly reporting does inflict costs on companies. However, weighing the costs and benefits is complex as there are many facets with varying degrees of impact.

Rather than eliminating it, standard setters could design or enhance standards flexible enough to be responsive to the costs and benefits companies face in different circumstances.

We believe that quarterly reporting helps shareholders identify, on a timely basis, changes and trends affecting a company. The absence of this means a lag to users that often arise from annual reporting. Quarterly reporting also reduces trading on inside information especially in the securities...

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