Which of these statements regarding the iGAAP and U.S. GAAP is - ProProfs Discuss
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Which of these statements regarding the iGAAP and U.S. GAAP is correct?



A. IGAAP is considered to be \principles-based\ and less detailed than U.S. GAAP
B. U.S. GAAP is considered to be \principles-based\ and more detailed than iGAAP.
C. Both U.S. GAAP and iGAAP are considered to be \ ules-based\, but U.S. GAAP tends to be more complex.
D. U.S. GAAP is considered to be \ ules-based\ and less detailed than iGAAP.

This question is part of Accounting Chapter 1
Asked by Aeriwyn, Last updated: Dec 18, 2019

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aeriwyn

Aeriwyn

Answered Nov 27, 2017

IGAAP is considered to be "principles-based" and less detailed than U.S. GAAP
 

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