The SEC is the national body responsible for administering the laws of the financial markets, whereas FTX is a copyright derivatives exchange renowned for its comprehensive financial services. But who was the entity auditing FTX activities?

The role of the auditor in this scenario is to analyze the financial records submitted by FTX to the SEC. The purpose of such a process is to ensure compliance with the SEC regulations and accounting standards. The auditor dutifully undertakes the audits, following which the audited financial statement submission to the SEC takes place.

Submitting audited FS (Financial Statements) to the SEC is not just a routine process, but a specific requirement established by the SEC. These audited financial statements not only display the financial health of the organization but also act as a basis for the SEC to impose control over the audits.

The details of SEC audits are manifold and can largely influence the entire auditing process. This is accomplished through the SEC audit committee financial expert. The SEC recognizes the importance of a committee comprising financially intelligent experts, capable of assessing data accurately and preventing any potential discrepancies.

When considering the auditor of FTX or any other company, they need to comply with the specific SEC broker dealer annual audit filing. This form is a way to monitor the operations of the brokers and dealers under the SEC jurisdiction. This filing thereby enhances the transparency and helps SEC and FTX Auditor to maintain a balanced financial market.

However, the auditing process is not only about compliance. Audited FS are part of a mandatory SEC requirement, the objectives of which include maintaining a transparent and efficient financial market system. Amid the myriad of rules, FTC, and SEC regulations come into play, setting strict guidelines to maintain market fairness.

In regards to clients, the US SEC has a vast influence over private and public sector organizations, usually referred to as the 'SEC audit client'. The requirements for attaining SEC accreditation for external auditors are exacting and meticulous, which in retrospect, makes the SEC extremely influential in the auditing process.

Finally, to wrap it up, understanding what SEC means in an audit setting is crucial for any business, including FTX. The SEC regulations are not only restricted to certain geographical boundaries but extend to various states, such as Texas and the SEC, ensuring uniformity in audit procedures.

In a nutshell, the relationship between the SEC and FTX Auditor illustrates the crucial role of the auditing process in maintaining the transparency, integrity, and functionality of financial markets. This relationship serves as an essential tool in promoting accountability and protecting the interests of the stakeholders.