What is the function of the accounting standard setters?

A$.$ Standard setters work with the Internal Revenue Service to ensure that financial statements provide accurate tax information that faithfully represents the reporting entity's tax liability.

B$.$ Standard setters create rules to ensure that financial statements provide accurate information to the Internal Revenue Service.

C$.$ Standard setters prepare financial statements which provide relevant financial information that faithfully represents the reporting entity's financial position and performance.

D$.$ Standard setters create accounting concepts, rules, and guidelines to ensure that financial statements accurately present the economic performance and financial position of a firm.