Which of the Following Statements Is Correct About the Controversial

Multiple Choice

Which of the following statements is correct about the controversial issues surrounding IFRS 8?

A) The management approach adopted in IFRS 8 was argued to put preparers' needs ahead of users' needs.
B) Despite the objections from different parties, all IASB board members at the time unanimously agreed that IFRS 8 should replace IAS 14.
C) The European Parliament was not able to endorse IFRS 8 due to strong oppositions from European countries.
D) The proponents of IAS 14 argued that IFRS 8 contains too many mandatory disclosure requirements compared to IAS 14.