Please answer question #16, accordingly. Thank you!

Question 16 of 19 -/5 View Policies Current Attempt in Progress Which statement is false concerning accounting principles in the United States? The primary accounting standard-setting body in the U.S. is the Financial Accounting Standards Board. O The Public Company Accounting Oversight Board determines auditing standards. The Securities and Exchange Commission oversees U.S.financial markets and accounting standard-setting bodies. O The International Accounting Standards Board issues accounting standards that must be followed by all companies that engage in international business