Describe the role of the SEC in society and discuss its relationship with and influence on the practice of auditing. The purpose of the Securities and Exchange Commission (SEC) is to assist in providing investors Since most lave clients that must file reports with the SEC each year (all companies filing registration statements under the securities acts of 1933 and 1934 must file and other reports with the SEC the profession is highly involved with the SEC requirements. The purpose of the Securities and Exchange Commission (SEC) is to assist in providing investors Since most have clients that must file reports with the SEC each year (all companies filing registration statements under the securities acts of 1933 and 1934 must file - ther reports with the SEC the profession is highly involved with the SEC requirements. The purpose of the Securities and Exchange Commission (SEC) is to assist in providing investors jince most lave clients that must file reports with the SEC each year (all companies filing registration statements under the securities acts of 1933 and 1934 must file and other reports with the SEC , the profession is highly involved with the SEC requirements. The purpose of the Securities and Exchange Commission (SEC) is to assist in providing investors Iave clients that must file reports with the SEC each year (all compar and other reports with the SEC the pri