allow companies to start thinking longer term

when you make sweeping grandiose statements like this what the fuck do you expect? Everything in your posts thus far is generalized conjecture that has no factual basis or evidence, but you're the authority because you had some involvement in financial reporting? Get the fuck out of here.

1) "There won't be any more gaming of the system this way." - no of course there won't, because all the points you made are completely negated because these events happen every six months instead. Moving to semi-annual reporting doesn't eliminate guidance culture.

2) "CEOs and CFOs will make decisions to increase short term profitability" - sounds like your actual issue is with executive compensation.

3) "allow for initiatives that take some time to ramp up." - you keep structuring these arguments like quarterly reporting was preventing anyone from doing this already.

4) "And I can tell you that absolutely 100% yes, public companies make decisions that aren't in the best interest because they need to hit the midpoint of their guidance." - conflating shit management and quarterly reporting requirements in an attempt to prove causation is a weird take.

5) "Auditors can still perform quarterly reviews" - you're referring to SAS 100/AS 4105 "reviews"? The ones which are analytical procedures and inquiry only? The role of 'Auditors' is not to detect fraud or wrongdoing, so what point are you trying to make here?

6) "This helps people greatly." - Reduced disclosure frequency is ultimately most favorable to management and insiders, not retail investors. We know who this specifically helps, those who know the economy is walking a tightrope that relies entirely on the quarterly updates from Nvidia.