While both IFRS and GAAP require companies to consolidate entities they control,IFRS defines control more narrowly than GAAP.

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IFRS defines control based on the ability to direct the relevant activities of an entity, often leading to a broader interpretation of control, whereas GAAP has specific, detailed criteria for determining control, which can sometimes result in a narrower definition of control.

While Both IFRS and GAAP Require Companies to Consolidate Entities