Comment by jandrewrogers

Reporting is onerous as fuck. You end up with entire bureaucracies dedicated to the theater of reporting. The tighter the turnaround the dicier it becomes because certainty that anything you are reporting is true decreases, which increases liability.

This is one of those ideas that sounds amazing to people have never operated a real business with reporting requirements. In practice it turns into a classic case of Goodhart's Law. It drives insane incentives. Reducing reporting intervals would seriously reduce overheads and inefficiency in business.

This is 100% a good change.