IFRS is generally regarded as having a higher threshold for recognizing liabilities.

Name: IFRS is generally regarded as having a higher threshold for recognizing liabilities.
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IFRS often allows for earlier recognition of liabilities compared to other frameworks like US GAAP, as it uses a more principle-based approach which can lead to recognizing liabilities once there is a present obligation and an outflow of resources embodying economic benefits is probable.

IFRS Is Generally Regarded as Having a Higher Threshold for Recognizing