IAS 34 Interim Financial Reporting
IAS 34 is applicable to entities which elect to publish financial statements or are required to publish by governments, securities regulators, stock exchnages, and accounting bodies.
“Let the market decide how often companies report.” SEC Chair Paul Atkins proposing to end quarterly reporting.
Reactions from public remain mixed. Quarterly reporting in the USA has been in place since 1970.
Kaplan et al., 2025 identify potential implications of a shift to semiannual reporting:
🔹 greater long term focus;
🔹 reduced regulation (and less cost and effort);
🔹 potential alignement with non-US jurisdictions (EU, UK);
🔹 alignement with foreign private issuer reporting and registration requirements; and,
🔹 decreased transparency, quality and availability of information.
⏩ Today's Accounting Standards in 15 Seconds is about Interim Financial Reporting in accordance with IAS 34 + real-world examples of reporting requirements from USA, Switzerland and Australia.
headline quote from Financial Times, September 28th 2025.
