The main difference between U.S. GAAP and IFRS is that IFRS is much lengthier, with over 25,000 pages.

Name: The main difference between U.S. GAAP and IFRS is that IFRS is much lengthier, with over 25,000 pages.
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The statement is false. While there are some differences in the length and structure of the two standards, IFRS is actually more concise than U.S. GAAP, with about 3,000 pages compared to U.S. GAAP's 25,000 pages.

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