Which Organization Has the Power to Set Accounting Rules for Companies

Multiple Choice

Which organization has the power to set accounting rules for companies whose stock is publicly-traded in the U.S. stock markets, but has delegated its power to another organization?

A) International Accounting Standards Board (IASB)
B) Financial Accounting Standards Board (FASB)
C) General Association of Accounting Practitioners (GAAP)
D) Securities Exchange Commission (SEC)