XBRL US submitted a comment letter to the Securities and Exchange Commission (SEC) in response to its Semiannual Reporting proposed rule. Our comment letter raised concerns about semiannual reporting versus the current quarterly reporting regime, notably questioning whether a reduction in reporting cadence would provide a significant incentive for companies to go public and stay public.
Furthermore, we cited a CFA Institute survey of securities analysts which found that:
- 62% oppose replacing quarterly reporting with semiannual reporting.
- 70% oppose granting issuers the flexibility to choose or change their reporting cadence. Only 35% agree with semiannual versus quarterly reporting.
- 62% do not support a scaled approach for smaller companies.
- 69% disagree with allowing companies to change their reporting frequency.
Read the letter: XBRL US Letter to SEC RE Semiannual Reporting File Number S7-2026-15
