WHAT if the fourth-quarter results of listed companies are in fact the audited full-year financial statements, as opposed to the practice now of releasing unaudited figures first? Is that entirely a good thing or should we be concerned that there may be drawbacks to such a change?
What's for certain is that we ought to start thinking about this possibility, because it appears that the regulators are already soliciting feedback on a proposal to require listed companies to issue their annual audited accounts sooner than within four months after the financial year-end, as currently stipulated by Bursa Malaysia's listing requirements.