Congress gave the SEC the legal authority to set accounting standards in the United States. Historically, the SEC has allowed the FASB to set those standards. Now the SEC is allowing non-U.S. companies to list on U.S. stock exchanges using IASB accounting standards. As a result, the number of foreign companies listing their shares on U.S. stock exchanges is increasing. However, the SEC still requires U.S. companies to use accounting standards developed by the FASB. Do you think the SEC should allow U.S. companies to use IASB accounting standards? Explain.