There is more judgment with regard to leases under IFRS than under U.S. GAAP.

Name: There is more judgment with regard to leases under IFRS than under U.S. GAAP.
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Under IFRS, there is a greater emphasis on the substance of the transactions rather than their legal form, leading to more judgment calls when determining how to classify and recognize leases. U.S. GAAP, while also requiring judgment, has more detailed rules and criteria for lease classification.

There Is More Judgment with Regard to Leases Under IFRS