Which of the Following Statements Is True About the IASB's

Which of the following statements is true about the IASB's approach to accounting standard setting?

A) The IASB approach is very similar to the rules-oriented basis favored by the FASB in the United States.
B) The IASB uses a principles-based approach to standards formulation.
C) The IASB pronouncements have been called a "cookbook" of accounting standards.
D) The Sarbanes-Oxley Act requires the IASB to move toward the approach for standard setting used by the FASB.