Which of the Following Statements Is Correct with Respect to FASB

question 25

Multiple Choice

Which of the following statements is correct with respect to FASB and IFRSs' standards of accounting disclosure?

• A) In general, pronouncements of FASB are more detailed, while those in IFRSs tend to rely more on professional judgement.
• B) In general, pronouncements of FASB are less detailed, while those in IFRSs tend to rely more on professional judgement.
• C) In general, pronouncements of FASB are more detailed, while those in IFRSs tend to rely less on professional judgement.
• D) In general, pronouncements of FASB are less detailed, while those in IFRSs tend to rely less on professional judgement.

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