President Donald Trump wants to cancel quarterly reporting

President Donald Trump Suggested on Monday That US business stops issuing quarterly income reports.

“Subject to the approval of the SEC, companies and corporations should no longer be forced to ‘report’ on a quarterly basis (quarterly reporting!), But also to” report on a six (6) month -long basis, “the post started. This will save money, and the managers have ever been allowed by the company to give your company a proper statement. 50 to 100 years, while we run our companies on a quarterly basis ???

Conditions of current Securities and Exchange Commission (SEC) Government companies needed Reporting of income quarter, but in every six months, reporting can be changed through the SEC or Congress. Government companies have been reporting quarterly revenue since 1970.

Changes in earnings have been in the minds of business leaders before, especially Berkeshire Heathwee’s CEO Warren Buffett and JP Morgan Chase CEO Jamie Demon. CNBC notice That, in 2018, the pair wrote a Combined OPD For Wall Street Journal He called for eliminating quarterly guidance, writing that “quarter -revenue guidance often leads to unhealthy focus on short -term strategies, growth and stability costs.” The two still advocated income reports, though: “Our views about quarterly income predictions should be misunderstood as opposed to quarterly and annual reporting.”

ACCOSS reports China needs a quarterly reporting, though Trump was probably referring to the companies listed in Hong Kong exchange, which only reports every six months. Companies in the UK and the European Union need to file only twice a year, but can choose to report quarterly.