Quarterly reporting under fire

Quarterly reporting slammed

Illingworth said quarterly reporting would increase the costs faced by listed companies and that in the US the measure had put pressure on companies to improve their profits constantly.

Speaking to the Financial Times Illingworth said that because of Enron there was pressure to ensure ‘quarterly earnings were always in ‘one direction’.

The European Commission would like to see quarterly reporting made mandatory by 2005, at the same time as International Financial Reporting Standards go live.

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