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AIMD-93-18R 1 (1993-07-15)

handle is hein.gao/gaobackjl0001 and id is 1 raw text is: 0 United States (GA General Accounting Office Washington, D.C. 20548 Accounting and Information Management Division B-222177 July 15, 1993 The Honorable John D. Dingell Chairman, Subcommittee on Oversight and Investigations Committee on Energy and Commerce House of Representatives 149685 Dear Mr. Chairman: In a letter dated March 1, 1993, you asked that we review and respond to the concerns of the Taxpayer Assets Project (TAP)' regarding public access to the Securities and Exchange Commission's (SEC) Electronic Data Gathering, Analysis, and Retrieval (EDGAR) System. The EDGAR System will contain the electronic filings of corporations. Filings include data on corporate earnings, assets, ownership, and other key financial information. SEC uses a contractor to develop and operate the EDGAR system. SEC also uses a dissemination contractor to make this information available to the public.2 As agreed with your office, our review focused on determining what actions SEC has taken (1) to address TAP's concern that the dissemination contractor will not provide low-cost online public access to EDGAR data and (2) to offer such data in a variety of electronic formats to the public. RESULTS IN BRIEF SEC believes that its information dissemination strategy should result in reasonable prices to the public for EDGAR data. According to specific EDGAR contract provisions, the 1 The Taxpayer Assets Project is a citizens' group composed of over 200 economists, journalists, librarians, and researchers seeking better, less costly access to EDGAR data through dissemination programs. 2 We will use the public to designate the diverse individuals represented by TAP. These include investors, individual users, economists, researchers, librarians, and journalists. GAO/AIMD-93-18R, SEC: EDGAR Dissemination Update

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