Step 1: Convert everything to sine and cosine right away.
$\sec^2A-1=\frac{1}{\cos^2A}-1=\frac{1-\cos^2A}{\cos^2A}=\frac{\sin^2A}{\cos^2A}$, using $1-\cos^2A=\sin^2A$.
Step 2: Divide by $\sin^2A$.
$\frac{\sec^2A-1}{\sin^2A}=\frac{\sin^2A}{\cos^2A\cdot\sin^2A}=\frac{1}{\cos^2A}$.
Step 3: Rewrite as secant.
$\frac{1}{\cos^2A}=\sec^2A$, matching option (B).
\[ \boxed{\sec^2 A} \]