On May 5, 2026, the US Securities and Exchange Commission issued a proposal that would provide companies the option to transition from quarterly reporting to a semiannual reporting model. While intended to reduce reporting burdens and encourage longer-term decision-making, the proposal could have significant implications for financial reporting, transparency, and governance.
What does this mean for audit committees?
Audit committees should evaluate whether a shift aligns with the company’s strategy, investor expectations, and regulatory obligations—and consider the impact on transparency, controls, audit processes, and risk oversight.
Explore key considerations and questions to guide your discussion in our full overview below.
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