Hi sir, can you give me explaination for this question? thank you so much!

Do International Financial Reporting Standards (IFRS) apply exactly the same way to each company that uses them? Yes, there are step-by-step answers that ensure that all companies can apply IFRS the same way. Yes it is a set of rigid standards that apply in the same way to each company, O No; as with any accounting standard different companies apply IFRS in ways that are most appropriate to fairly represent their business results. O NO, IFRS specifies how each type of company should apply the rules