Influence over financial statement reporting


Go to the U.S. Securities and Exchange Commission's website at www.sec.gov and the Financial Accounting Standards Board's website at www.fasb.org. Identify the mission and main activities of each organization. Then, analyze the similarities and differences between the roles of each entity. Which entity has more influence over financial statement reporting? Explain your answer. (200-250 words.)

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Accounting Basics: Influence over financial statement reporting
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