which is not the features of IFRS
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domestic publicly traded companies to use International Financial Reporting Standards. is not the features of IFRS.
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A lack of detail, significant adoption costs, and the perception that IFRS is a less stringent standard than what is already in place in some countries
Lack of specificity, high adoption costs, and the idea that IFRS is a less strict standard than what is currently in place in some countries are all problems with IFRS. The most notable downside of IFRS is the cost of implementation by multinational corporations.
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