c. I and IIIIFRS requires that a statement of compliance with IFRS be included in the financial statements; U.S. GAAP does not require inclusion of a statement of compliance with U.S. GAAP. Both IFRS and U.S. GAAP require disclosure of all significant accounting policies. Likewise, both IFRS and U.S. GAAP require the disclosure of estimates made in the preparation of financial statements; however, IFRS also requires disclosure of judgements made (e.g., whether a financial asset is categorized as held-to-maturity or available-for-sale) but U.S. GAAP does not require disclosure of judgements made.