Which of the Following Is True About IFRS

Multiple Choice

Which of the following is true about IFRS?

A) There is a global trend towards using IFRS for reporting purposes,though U.S.companies are not currently required to do so.
B) The switch to IFRS is required by the Sarbanes-Oxley Act.
C) IFRS is only slightly different than U.S.GAAP.
D) The switch to IFRS is cosmetic only-there isn't any real impact on AIS.