Earnings Releases and Quarterly Reports (BDO Comment Letter)
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In 2018, the SEC requested feedback on how it can enhance, or at a minimum maintain, the investor protection attributes of periodic disclosures while reducing the burdens associated with quarterly reporting on Form 10-Q.
In our comment letter, BDO supported the objective of the SEC's project to consider whether the compliance burden can be alleviated while maintaining or enhancing the investor protection attributes of the existing periodic reporting system. Overall, we support the existing quarterly reporting system. However, we commented on opportunities to streamline the interim disclosure package and reduce the compliance burden, while maintaining the benefits of quarterly reporting.