Question: No, the required disclosures are not exactly the same under IFRS and U.S. GAAP, although they share many similarities; there are notable differences in specific
No, the required disclosures are not exactly the same under IFRS and U.S. GAAP, although they share many similarities; there are notable differences in specific areas like related party transactions, contingent liabilities, liquidity risk disclosures, and the level of detail required for certain items, meaning companies may need to disclose more or less information depending on which framework they are using
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