Go to the U.S. Securities and Exchange Commissions Web siteat http://www.sec.gov

Go to the U.S. Securities and Exchange Commissions Web siteat http://www.sec.gov and the Financial Accounting StandardsBoards Web site at http://www.fasb.org. Identify the mission andmain activities of each organization. Then analyze thesimilarities and differences between the roles of each entity.Which entity has more influence over financial statement reporting?Explain your answer.