1. United States
2. Fla.
3. Letter

Stop this SEC proposal audit proposal. . It’s counterproductive to investing and investor confidence. The Securities and Exchange Commission this summer proposed two big changes to how publicly traded companies report their finances. The first, and most eye-catching, one would let companies file earnings reports only twice a year instead of quarterly, slashing a rule that has existed for more than half a century. The second one, which has flown under the radar, would exempt most companies the S.E.C. regulates from having to bring in outside auditors to verify a company’s internal books and processes for avoiding errors and fraud.