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Frequently Asked Questions
What is EDGAR? What's the difference between ASCII and HTML? Can you give us legal advice about our documents? What's the average turnaround time before I receive a review copy of my document? How do I find out how much money I have in my account with the SEC? EDGAR is an acronym for "Electronic Data Gathering Analysis and Retrieval." What's the difference between ASCII and HTML?
Can you give us legal advice about our documents? Unfortunately, no. We are not attorneys and therefore not permitted to provide any legal advice. What's the average turnaround time before I receive a review copy of my document? Normally our turnaround time is very quick, usually one to four hours depending upon the size of your document; however, on filing days when we are very busy it may take a bit longer. How do I find out how much money I have in my account with the SEC?
It's quite simple really. Simply call the SEC at (202) 942-8900 and select
option 1. You will be asked for your CIK number by the operator. That's it. If
you are a client of EdgarEyes we will have your CIK number on file. If you are
not currently an EdgarEyes client, you can click below
to look
up your CIK number.:
http://www.edgarcompany.sec.gov/servlet/CompanyDBSearch?page=main
On August 19, 2008 the Securities and Exchange Commission announced the successor to the EDGAR database. The new system, IDEA (Interactive Data Electronic Applications) marks the SEC’s transition from collecting forms and documents to making the information itself freely available to investors. IDEA will allow more up-to-date financial disclosure in a form ready to be used by presenting the information in interactive data format. IDEA is an interactive database that will at first supplement, and then eventually replace, the EDGAR system. This is the XBRL based system that you may have heard about. XBRL is a method of tagging financial information so that it can be accessed and utilized without re-keying the information. Every component of a financial statement will have a unique tag: For example, “Revenue” will have a special tag around it so that (by using special XBRL reading software) an individual can compare the revenue of many companies at once, and download this information to an excel spreadsheet.
Proposed implementation
dates: Note that if your filing deadline for a 10-Q is 45 days from quarter-end and for your 10-K is 90 days from year-end, you are NOT an accelerated filer. What you need to know right now: 1.) There is no urgency this year: For small companies (non-accelerated filers), the first XBRL mandated filing is expected to be for the fiscal year ending after December 15, 2010 (the filings will be due in 2011); 2.) This process is in addition to your standard Edgarizing 3.) EdgarEyes, LLC will continue to be fully prepared to handle all your filing needs, including any requirements of the IDEA system. We will continue to keep you fully informed about this exciting SEC initiative. To read the press release detailing the announcement of the SEC's new IDEA system, and to quickly reach the archived video of Chairman Cox's press conference, please visit http://www.sec.gov/news/press/2008/2008-179.htm
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"EDGAR©" is a federally registered trademark of the U.S. Securities and Exchange commission. EdgarEyes.com is not affiliated with or approved by the U.S. Securities and Exchange Commission.