The Securities and Exchange Commission (SEC)has the right granted to it by Congress to issue accounting standards.The Commission has exercised this right on a relatively infrequent basis.The SEC is not a passive observer to the financial accounting standard setting process,however.
Explain the general mission of the SEC and how the SEC fulfills its mission as regards financial reporting specifically.

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The Answer of The Securities and Exchange Commission (SEC)has the right granted to it by Congress to issue accounting standards.The Commission has exercised this right on a relatively infrequent basis.The SEC is not a passive observer to the financial accounting standard setting process,however.
Explain the general mission of the SEC and how the SEC fulfills its mission as regards financial reporting specifically.

The Securities and Exchange Commission (SEC)has the Right Granted to It