Which of the Following Statements Concerning Financial Reporting Is FALSE

Which of the following statements concerning financial reporting is FALSE?

A) Accounting rules in the U.S.are called GAAP.
B) Accounting rules developed by the IASB are called IFRS.
C) Both GAAP and IFRS share the same goal which is to ensure useful information to users of financial statements.
D) There are no differences between the accounting rules developed by FASB and those developed by IASB.