The SEC exerts a continuing influence on the establishment of accounting standards. It does so primarily by Multiple Choice Exercising its statutory authority to prescribe extema financial reporting requirements Providing auxiliary funding to the FASE Monitoring the development of GAAP within the accounting profession and using its stature to influence that development Alying with the AICPA to lobby the efforts of the FASE MacBook Air 73 888 $ 4 * 2 3 % 5 & 7 6 8 9 W R T Y Y S D F H J L