The retains the power and authority to set accounting standards. currently, this responsibility has been delegated to ) securities and exchange commission; international accounting standards board b) financial accounting standard board; securities and exchange commission c) international accounting standards board; financial accounting standards board d) securities and exchange commission; financial accounting standards board

D

Explanation:

Securities and Exchange Commission; Financial Accounting Standards Board

The Securities and Exchange Commission (SEC) designated the Financial Accounting Standards Board (FASB) as the organization responsible for setting accounting standards for public companies in the US. The SEC is positioned in the financial reporting process. The Commission  has authority under the securities laws of the United States to set accounting standards and to be followed by public companies but also the power to enforce those standards.