In the Citigroup study, the main differences between IFRS and U.S. GAAP occurred because of the differences in treatment of the following, except

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The main differences between IFRS and U.S. GAAP as highlighted in various studies, including those by entities like Citigroup, often encompass areas such as taxes, pensions, goodwill and intangible assets, and financial instruments. Inventories, while there are differences in their treatment under IFRS and U.S. GAAP, are generally not considered one of the main differences highlighted in such comparative studies.

In the Citigroup Study, the Main Differences Between IFRS and U.S