Subject: s7-16-97
Date:    2/24/98 3:38 PM
     
     
        I know this is late, but I though I would offer my two cents about how
technology could change the securities markets.  This area was not 
mentioned in your document. 
        The state of Iowa has a really neat web site that offers up to the
minute financial information about state revenues and expenses.  This might be the 
wave of the future.  Have you considered sponsoring a study to see if the 
transmittal of instantaneous financial infomation would be possible for 
publicly traded firms?  This would enable investors to get really current 
information. 
        I think this could work if the role of the auditor was changed somewhat
to attesting to the role of the accounting system. 
        Just a thought.  I hear this kind of thing being talked about in
academic circles but I have not seen the SEC sponsor this type of initiative.  Maybe 
you already have.  
     
  
     
Julia L. Higgs                        
School of Accounting              
Business East, Room 137              
777 Glades road                                                         
Florida Atlantic University               
Boca Raton, FL  33431-0991  
     
E-Mail:  jhiggs@fau.edu 
     
Phone:  561-297-3663
Fax:    561-297-7023.