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"IFRS uses a fair value test to measure impairment loss. However, IFRS does not use the first-stage recoverability test under GAAP - comparing the undiscounted cash flow to the carrying amount. As a result,
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"IFRS uses a fair value test to measure impairment loss. However, IFRS does not use the first-stage recoverability test under GAAP - comparing the undiscounted cash flow to the carrying amount. As a result, the IFRS test is"

User Saar Drimer
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Answer:

As a result, the IFRS test is more strict than U.S. GAAP.

User Soltex
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