Which of the following statements is incorrect?

IFRS sometimes refers to the allowance for doubtful accounts as a provision.

The international standard related to the fair value option is subject to certain qualifying criteria not in the U$.$S$.$

standard.

Under IFRS, cash and receivables are generally reported in the noncurrent assets section of the balance sheet.

Under IFRS, bank overdrafts are generally rephted as a deduction from cash.