Which of the Following Statements Is True About Common-Law Countries

Multiple Choice

Which of the following statements is true about common-law countries?

A) Common-law countries must completely adopt IFRS.
B) Amendments to IFRS by common-law countries must be done legislatively.
C) Amendments to IFRS by common-law countries must be done by government regulation.
D) In common-law countries, the local non-government standard setting authority can decide which international standards to adopt.