IFRS tends to be simpler and more flexible in the accounting and disclosure requirements than U.S. GAAP.

Name: IFRS tends to be simpler and more flexible in the accounting and disclosure requirements than U.S. GAAP.
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IFRS is generally considered simpler and more flexible than U.S. GAAP, which has more detailed and prescriptive rules. Additionally, IFRS allows for more judgment and interpretation by the preparer, while U.S. GAAP has a more rules-based approach.

IFRS Tends to Be Simpler and More Flexible in the Accounting