IFRS uses a fair value test to measure impairment loss. However, IFRS does not use the first-stage recoverability test under U.S. GAAP - comparing the undiscounted cash flow to the carrying amount. As a result, the IFRS test is:
A) not as strict as U.S. GAAP.
B) more strict than U.S. GAAP.
C) None of the above.
D) essentially the same strictness as U.S. GAAP.