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The SEC exerts a continuing influence on the establishment of accounting standards. It does so primarily by: Multiple Choice Allying with the AICPA to lobby
The SEC exerts a continuing influence on the establishment of accounting standards. It does so primarily by:
Multiple Choice
Allying with the AICPA to lobby the efforts of the FASB.
Monitoringthe development of GAAP within the accounting profession and using its stature to influence that development.
Exercising its statutory authority to prescribe external financial reporting requirements.
Providing auxiliary funding to the FASB.
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