GAAP reports in detailed, precise formats; IFRS allows flexible, principle-based reporting. GAAP does not permit asset value recovery post-impairment; IFRS allows revaluation. IFRS does not ...

Watchara Piriyaputtanapun / Getty Images There are differences between how the U.S. Generally Accepted Accounting Principles (GAAP) and the International Financial Reporting Standards (IFRS ...

For organisations that will apply the IFRS sustainability disclosure standards, IFRS S1 (General Requirement for Disclosure of Sustainability-related Financial Information) and IFRS S2 (Climate ...