Which of the following statements is correct?

Please select the right answer.

US Standards are considered to be more principles-based than IFRS Accounting Standards

The requirements of Ind AS are identical to IAS 7 in resepct of the preparation of the statement of cash flows

There are no differences between IAS 1 Presentation of Financial Statements and its US equivalent standard

IFRS 15 Revenue from Contracts with Customers is an example of a recent IFRS Accounting Standard that that the IASB and FASB have developed jointly