Decide which of the following statements are true. I. The Financial Accounting Standards Board has the sole responsibility for setting generally accepted auditing standards. II. Generally accepted accounting principles are set solely by the Securities and Exchange Commission. III. All financial statements submitted to the SEC including annual (10-K) and quarterly (10-Q) statements must be audited by an independent, certified public accountant (CPA). Select one: a. One is true. b. Two are true. c. All are true. d. All are false.