In general, IFRS adheres to very different principles than U.S. GAAP.

Name: In general, IFRS adheres to very different principles than U.S. GAAP.
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Quizplus · Accepted Answer

Both IFRS (International Financial Reporting Standards) and U.S. GAAP (Generally Accepted Accounting Principles) aim to provide relevant, reliable, comparable, and understandable financial information to users, but they differ in specific rules and applications rather than foundational principles.

In General, IFRS Adheres to Very Different Principles Than U