The length of financial statements, for both interim and annual periods, has grown substantially over the past decade. Inclusion of interim disclosures that replicate annual disclosures can make it challenging for users to identify new information and relevant changes. Interim financial statements are an integral part of the annual period. Standard-setters should incorporate 'change-based' considerations as the cornerstone principle for interim reporting. The Board should be judicious when establishing new disclosure requirements that are mandatory for inclusion every reporting period. A cost-benefit analysis should be the key consideration.