IFRS have fewer detailed rules than U.S.GAAP.

Name: IFRS have fewer detailed rules than U.S.GAAP.
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IFRS (International Financial Reporting Standards) are principles-based and focus on providing principles and guidelines rather than giving explicit rules. In contrast, U.S. GAAP (Generally Accepted Accounting Principles) are more rules-based and provide specific guidance and rules for various accounting issues.

IFRS Have Fewer Detailed Rules Than U.S.GAAP