What Is the Role of the Accounting Profession in the US

What is the role of the accounting profession in the US with regards to stipulating accounting standards?

A) Authority to develop and issue accounting standards
B) Delegated responsibility from the Securities and Exchange Commission, providing it performs such duties diligently
C) Indirect authority. Standards are issued by the Accounting Principles Board, a committee of the accounting professional bodies
D) No authority. Standards are issued by the Federal Accounting Standards Board, which is independent of the accounting profession