Which of the following is a difference among the U.S. and other Anglo-Saxon countries in terms of accounting standards?
A.
The U.S. does not adhere to the "true and fair view" approach.
B.
The U.S. is more private-sector oriented.
C.
The U.S. always follows a conceptual framework when developing accounting standards.
D.
The U.S. standards are becoming more rigid than the U.K. standards.