Which of the following is generally true about the differences between U.S. GAAP and IFRS?

A)U.S. GAAP is more flexible than IFRS.

B)U.S. GAAP tends to be more rules-based and IFRS tend to be principles-based.

C)More professional judgment is required to apply U.S. GAAP than is required for implementing IFRS.

D)In all cases, U.S. GAAP is more detailed than the IFRS.