The Reason Some People Are Concerned About the Possibility for Earnings

The reason some people are concerned about the possibility for earnings management under IFRS is:

A) The principles-based system might lead preparers of financial statements to try and justify earnings by applying a substance over form concept
B) The principles-based system might lead preparers of financial statements to try and justify specific accounting outcome based on commercial drivers
C) It is more difficult to make materiality judgments
D) It is more difficult to implement a set of generally accepted accounting and financial reporting standards