单选题 Which one of the following best describes the Securities and Exchange Commission’s (SEC) role in standard setting?

A、 The SEC has little jurisdiction over generally accepted accounting principles.
B、 The SEC has legal authority relative to accounting practices, however, it relies on the American Institute of Certified Public Accountants and the Financial Accounting Standards Board to prepare accounting statements.
C、 The SEC is only concerned with accounting principles related to SEC filing requirements.
D、 The SEC consults and advises the Financial Accounting Standards Board but has little interaction with the American Institute of Certified Public Accountants.

【正确答案】 B

【答案解析】