(COLUMBUS, OHIO) The U.S. government has pitched an obscure accounting rule change that has ignited a firestorm of opposition. If enacted, its effects might be felt from the capital markets to your retirement savings account.
At issue is a proposal by the Securities and Exchange Commission that would scrap a long-standing requirement for registered companies to disclose their earnings every three months. Instead, they would have the option to do so only every six months.
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