Which one of these statements about the SEC$$s role in setting accounting standards is false?

Select one:

a$.$

The SEC clashed with the FASB in the $1970$s oil and gas accounting controversy.

b$.$

The SEC generally defers to the FASB on controversial disclosure and reporting issues.

c$.$

The SEC has statutory authority for GAAP standard$-$setting, but has generally delegated that power to the FASB.

d$.$

Sometimes the SEC pre$-$empts the FASB in addressing accounting problems.