SEC Outlines Its Five-Year Plan - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Government // Enterprise Architecture

SEC Outlines Its Five-Year Plan

On the agenda are collaborative technologies, knowledge management, and workflow automation.

The Securities and Exchange Commission has issued its five-year strategic IT plan, calling for consolidating redundant applications, centralizing and simplifying data repositories, and enhancing data sharing and collaboration within the SEC and with regulatory partners and registrants.

The plan, which was approved in July and posted on the SEC's Web site Thursday, also calls for enhancing personal productivity through automation and collaborative technologies to facilitate "workforce virtualization," deployment of knowledge-management tools that capture the expertise of staff, and Web-based forms and workflow automation tools to automate internal business processes.

To improve the inspection and discovery process, the SEC will employ electronic search and retrieval of imaged documents, and integrate the document workflow into an overall set of automated case management and examination management processes and tools.

The Securities and Exchange Commission may also soon permit filings to be submitted using the Extensible Business Reporting Language, an XML-based markup language for tagging data in financial statements.

The SEC is considering letting companies use XBRL to file financial data beginning with the 2004 calendar-year-end reporting season. XBRL augments formats such as HTML and PDF, both of which are accepted by the SEC and processed by its online reporting system, Edgar. The SEC will assess over the next several months the advantages and potential impact of XBRL on the Edgar system and on systems used by providers of financial information.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Slideshows
IT Careers: Top 10 US Cities for Tech Jobs
Cynthia Harvey, Freelance Journalist, InformationWeek,  1/14/2020
Commentary
Get Your Enterprise Ready for 5G
Mary E. Shacklett, Mary E. Shacklett,  1/14/2020
Commentary
Modern App Dev: An Enterprise Guide
Cathleen Gagne, Managing Editor, InformationWeek,  1/5/2020
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
The Cloud Gets Ready for the 20's
This IT Trend Report explores how cloud computing is being shaped for the next phase in its maturation. It will help enterprise IT decision makers and business leaders understand some of the key trends reflected emerging cloud concepts and technologies, and in enterprise cloud usage patterns. Get it today!
Slideshows
Flash Poll