#11 ACCORDING TO THE SECS STATEMENT ON INTERNATIONAL ACCOUNTING STANDARDS THE SEC REQUIRES THREE KEY ELEMENTS FOR ACCEPTANCE OF THE IASCS PROPOSED CORE STANDARDS WHICH ONE OF THE FOLLOWING IS A REQUIRED ELEMENT? A-THE STANDARDS MUST BE ROUTINELY INTERPRETED AND APPLIED B-THE STANDARDS MUST BE IN ACCORDANCE WITH U.S. GOVERNMENTAL ACCOUNTING (YELLOW BOOK) STANDARDS C-THE STANDARDS MUST COMPLY WITH U.S. GAAP D-THE STANDARDS MUST INCLUDE A CORE SET OF ACCOUNTING PRONOUNCEMENTS THAT CONSTITUTE A COMPREHENSIVE GENERALLY ACCEPTED BASID OF ACCOUNTING