Which of These Following Is NOT True Regarding Generally Accepted

Multiple Choice

Which of these following is NOT true regarding generally accepted accounting principles?

A) Include specific rules, practices and procedures.
B) Include broad principles and conventions of general applications including underlying concepts
C) Standards of accounting, a material departure from which may result in a qualified opinion issued by an auditor.
D) The GAAP requirement for Private companies is enforceable by the provincial securities commissions.