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3.11 Relief for nonpublic entities
Publication date: 30 Nov 2020
us IFRS & US GAAP guide
The US GAAP standard gives nonpublic entities relief from certain aspects of applying the revenue standard.
US GAAP | IFRS |
ASC 606 gives nonpublic entities relief relating to certain disclosures, transition, and the effective date.
| IFRS 15 applies to all IFRS reporters, public and nonpublic, except entities that apply IFRS for SMEs.
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