Ask Colin

Why do Australian companies not report quarterly as in the US?

Quarterly reports would be useful, but companies have resisted it strongly. Neither the ASX nor the government seem to have the stomach for forcing them.

Quarterly reporting does foster short-term thinking, though.

Companies listed in the US do report quarterly.

So do resources companies, but not full financials.

What is needed is a good financial scandal that a Royal Commissioner recommends could have been avoided by quarterly reporting!

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