Which of the Following Statements About IFRS Is True

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.