The public sector organization given the authority to develop accounting standards in the united states is the:

Securities Exchange Commission (SEC)

The SEC is a United States federal government agency that serves to protect investors, ensure harmonious and fair functioning of security markets, and safeguard investors from malicious and fraudulent market practices. The SEC was established and founded by Franklin Roosevelt in 1934 to restore faith in the markets after the stock market crash in the United States in 1929.

answerobservation;