Which of the Following Statements About IFRS Is True

question 21

Multiple Choice

Which of the following statements about IFRS is true?

• A)IFRS is more rule-based than pre-IFRS GAAP.
• B)IFRS reduces the number of management estimates that can be used.
• C)IFRS requires more judgement in selecting appropriate accounting policies than under pre-IFRS GAAP.
• D)IFRS does not require as strong an accounting infrastructure as under pre-IFRS GAAP.