SDM Accounting Insights: The Pros and Cons of Interim Reporting

Interim financial statements show how a company is doing each month or quarter. If you think of annual financial statements as a year-end report card for a business, interim reports would be like progress reports that forewarn of troubles ahead or reassure you that everything is going well. The SEC requires quarterly reporting from certain public companies, but stakeholders in smaller entities can benefit even more from this type of information. Before you rely on an interim report, contact us to discuss the potential shortcomings. We can also help you address unresolved issues and determine an appropriate course of action based on what’s happening midyear.

SD Mayer