Background and Selected Statistics on the SEC's Full Disclosure Program
GGD-86-87FS: Published: Jul 10, 1986. Publicly Released: Aug 20, 1986.
- Full Report:
In response to a congressional request, GAO reported background and statistical data on the Securities and Exchange Commission's full disclosure program, highlighting budgets for the program, work load statistics, productivity measures, and trends shown in the data.
GAO found that: (1) the Commission's full disclosure program has a heavy work load of Securities Act and Exchange Act filings to process; (2) in order to process these filings, the Commission staff have prioritized them into high priority and low priority filings; and (3) due to the increasing number and complexity of high priority filings, there is a growing backlog of unprocessed, low priority Exchange Act periodic financial reports.