Explain how "rules$-$based" accounting standards differ from "principles$-$based" standards. How might fundamentally changing accounting standards from "bright$-$line" rules to principles$-$based standards help prevent another Enron$-$like fiasco in the future? Some argue that the trend toward convergence with or even adoption of international accounting standards represents a move toward more "principles$-$based" standards. Are there dangers in removing "bright$-$line" rules? What difficulties might be associated with such a change?