Which of the Following Statement Is Correct

Multiple Choice

Which of the following statement is correct?

A) IFRS rules are broader based than U.S. or Canadian GAAP.
B) Canadian accounting rules will be closer to those of the FASB in the next few years than to IFRS.
C) FASB standards are clearly superior to IFRS.
D) IFRS expressly prohibits the use of fair values and optional accounting treatments.