The textbook states that the IFRS's "less prescriptive nature" and lack of "clarity in rules" would make the accounting standards difficult to operate in the US due to its "highly litigious environment". However, the IFRS is used by various countries globally- some of which likely also have highly litigious environments. Is this aspect of the IFRS a major disadvantage which impacts other countries? If so, how is issue mitigated? If not, how have other countries managed to evade this issue?