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IMTEC-93-19R 1 (1993-02-01)

handle is hein.gao/gaobackfn0001 and id is 1 raw text is: GUnited Statme General Aeounting Office Washington, D.C. 20548 Inlornation Manaement and Technology Division B-222177 February 1, 1993 148466 The Honorable John D. Dingell Chairman, Subcommittee on Oversight and Investigations Committee on Energy and Commerce House of Representatives Dear Mr. Chairman: In order to assist the Subcommittee in its evaluation of the issues raised in our report Securities and Exchange Commission: Effective Development of the EDGAR System Reauires Top Management Attention (GAO/IMTEC-92-85, Sept. 30, 1992), you requested that we review and comment on the Securities and Exchange Commission's letter to you of December 17, 1992. In this letter, SEC takes issue with several points in our report but generally agrees with our recommendations. SEC states that we criticize the agency for accepting a partially complete requirements document and for adding requirements thereafter. SEC also takes issue with our finding that management needs to exercise better control over the EDGAR project. SEC provides reasons for the agency's acceptance of a partially complete requirements document from the contractor and subsequent increase in system requirements and cost. In addition, SEC contends that top management took adequate measures to avoid delays in developing EDGAR. We believe that the reasons SEC provides for accepting an incomplete requirements document and tolerating EDGAR's spiraling growth are flawed and that available evidence shows that top management distanced itself from active oversight of EDGAR, particularly between the start of the EDGAR contract in January 1989 and the summer of 1991. We agree that some of the actions SEC planned and later implemented in late 1992 may put EDGAR back on track. However, the effectiveness of these actions cannot be determined. For example, SEC did not provide detailed information on progress toward (1) prioritizing users' needs, (2) setting realistic project GAO/IMTEC-93-19R SEC: EDGAR Update

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