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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
IFRS uses a fair value test to measure impairment loss. However, IFRS does not use the firststage recoverability test under GAAP comparing the undiscounted cash flow to the carrying amount. As a result, the IFRS test is not as strict as GAAP. stricter than GAAP. essentially the same strictness as GAAP. none of the choices is correct. 
IFRS uses a fair value test to measure impairment loss. However, IFRS does not use the firststage recoverability test under GAAP comparing the undiscounted cash flow to the carrying amount. As a result, the IFRS test is
not as strict as GAAP.
stricter than GAAP.
essentially the same strictness as GAAP.
none of the choices is correct.
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