Exceptions exist in the retrospective restatement requirements when accounting for errors under $\begin{array}{lll}& \text{ GAAP }& \text{ IFRS }\\ \text{ I. }& \text{ No }& \text{ No }\\ \text{ II. }& \text{ No }& \text{ Yes }\\ \text{ III. }& \text{ Yes }& \text{ Yes }\\ \text{ IV. }& \text{ Yes }& \text{ No }\end{array}$


A) I
B) II
C) III
D) IV