Electronic Data Gathering, Analysis, and Retrieval System (EDGAR)

Definition

The Electronic Data Gathering, Analysis, and Retrieval System (EDGAR) is an online database provided by the U.S. Securities and Exchange Commission (SEC). It allows for the automated collection, validation, indexing, and submission of corporate financial statements and disclosures from publicly traded companies.

5 Must Know Facts For Your Next Test

1. EDGAR was introduced by the SEC in 1996 to increase efficiency in accessing corporate financial information.
2. Publicly traded companies are required to file their periodic reports such as 10-K and 10-Q forms through EDGAR.
3. Investors and analysts use EDGAR to make informed decisions based on up-to-date financial data.
4. EDGAR enhances transparency in financial markets by making corporate filings publicly accessible.
5. The system also helps in automating the review process of financial documents submitted to the SEC.

Related terms

GAAP:

Generally Accepted Accounting Principles are standardized guidelines for accounting and financial reporting.

SEC:

The Securities and Exchange Commission is a U.S. government agency that oversees securities transactions, activities of financial professionals, and mutual fund trading to prevent fraud.

10-K Form: An annual report filed by publicly traded companies detailing their financial performance.