Your customer has a foreign subsidiary which prepares accounts under IFRS, You are comparing the accounts of you're client's subsidiary to that of a similar business in a different country, which also applies IFRS. You notice that they recognize revenue from sales at different points in the sales cycle. Which statement is correct.

A-a company may state that it complies with the IFRS even if it does not fully do so.

B-Local guidelines are different and under such circumstances it is correct to use local standards IFRS is simply a guideline to an absence of specific rules.

C-IFRS allows scope for judgement to be applied in the specific application of an accounting standard

D-it is not important since the timing of the sale does not ultimately affect the amount of cash to be collected