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The role of the Securities and Exchange Commission (SEC) in the formulation of accounting standards...

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Accounting

The role of the Securities and Exchange Commission (SEC) in the formulation of accounting standards can be best described as
it allows the FASB to develop all accounting standards by itself.
it develops all accounting standards by itself.
varied - the SEC relies on FASB to develop standards but gives advice and recommendations to the private sector as needed.
non-existent.

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