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Running head: SEC FILINGS
For a person to invest in a company, they always op to use inside information to gauge
whether the investment is viable. The inside information includes financial reports which are
often released by these companies af6ter every fiscal year. The reports are usually submitted to
the US security exchange commission for evaluation to confirm if the sources are authentic same
as the figures portrayed by the information. The idea is to create trust between the investor and
the business. One of the prominent sources of such information is the EDGAR system, and
investors use this system to acquire financial information, they are also provided with the
difference between the yearly 10-K reports which are sent to the shareholders. There are also
contents which are contained in annual reports filed with the Securities and Exchange
Commission, and there is also information on the requirements for both foreign and domestic
companies on how to use the US GAAP.
Use of Securities and Exchange Commission (SEC) EDGAR database to Research Forms
10-Q and 10-K.
The EDGAR database is the systems from which one can turn to for inquiries about a
company’s financial information which is always filed with the Securities and Exchange
Commission on an annual and semi-annual basis. The EDGAR comprises of a retrieval system,
Electronic Data Gathering and companies among other institutions that are required by law to
file a mandatory file for an annual financial report annually. Thus with EDGAR, there is an
automated collection of files, validation of these files and indexing and also acceptance and
forwarding of these submissions. It thus creates a platform characterized by fairness and security
markets efficiency coupled with the assistance provided to investors and corporations and the
economy. EDGAR is however not holistic in proving of information as any information which is
not submitted electronically to the Security and Exchange commission electronically is not
available in the database. Companies are also at liberty to provide additional information for the
database, but this is not a common practice for most companies. This additional information
includes files like the notice of proposed sales of securities form 144, filings for foreign
companies and governments dating from November 2002 backward. It is necessary to upload
shareholders reports unless the company is an investment company. However, these files need to
be submitted on the 10-KSB or the 10-K the EDGAR (U.S. SEC, 2010, para. 3).
Researching forms 10—K and 10-Q from the SEEC EDGAR databases for financial
The EDGAR having been founded in first November nineteen ninety-eight was meant to
provide the public with complete, accurate and accelerated information system containing all the
information in the EDGAR filings. The information in this database enables investors to track
files sent or received, acceptance and transmission of all files in EDGAR upon the filing and
retrieval of information in the Public Dissemination Service. The EDGAR updates its database
using the PDS on a daily basis on weekdays to show a current reading of filings (U.S. SEC,
2007, para. 2). Investors can access information in the database by typing in the name of the
company they are interested in. The 10-K form enables the investor to have a glimpse of the
audited annual company report of the company of interest. The 10-K form has a colossal amount
of information including the executive pay.
Thus through the use of EDGAR is at the disposal of information including financial
statements, notes details, accounting policies and all other reports fi...