One concern with U.S. GAAP identified by Schipper is:

Group of answer choices

The principles that underlie U.S. GAAP can become rules-based exercises during implementation

The principles that underlie U.S. GAAP do not provide any implementation guidance

The rules that are part of the U.S. system are not based on an underlying conceptual framework

The rules that are part of the U.S. system are not based on any principles