If a company believes that it is more likely than not to have future taxable income against

Question:

If a company believes that it is more likely than not to have future taxable income against which it can use its deferred tax asset, how might the accounting treatment of this deferred tax asset differ under U.S. and IFRS?

GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...