How does a$$ principles$-$based standard differ from a$$ rules$-$based standard?

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Part $1$

A$.$

IFRS establishes a$$ principles$-$based standard, while U$.$S$.$ GAAP establishes a$$ rules$-$based standard.

B$.$

A$$ rules$-$based standard is consistent with a theoretical framework. In$$ contrast, a$$ principles$-$based standard does not necessarily rely on a consistent framework.$$ Rather, it contains more specific and prescriptive rules.

C$.$

A$$ principles$-$based standard is consistent with a theoretical framework. In$$ contrast, a$$ rules$-$based standard does not necessarily rely on a consistent theoretical framework.$$ Rather, it contains more specific and prescriptive rules.

D$.$

U$.$S$.$ GAAP establishes a$$ principles$-$based standard, while IFRS establishes a$$ rules$-$based standard.