Archive for the ‘quaterly report’ Tag

Goodbye quarterly reports? | CNET News.com

Thursday, November 9th, 2006

Goodbye quarterly reports? | CNET News.com
The top accounting firms, including Deloitte Touche Tohumatsu, Ernst & Young, PricewaterhouseCoopers and KMPG, joined forces to release a report on Wednesday that proposes a real-time reporting system to allow people to access and choose business information as easily as buying a book on Amazon.com.

Interesting idea. A feed of business information. Knowing on today what a company earned on yesterday. It would give companies less chance to cook the books, if an Enron style operation was going on, but the devil is in the details. Whether something like this is possible, and practical always depends on implementation.