Are ASC 606 and IFRS 15 the same?

When ASC 606 and IFRS 15 were first issued there were largely the same, except for some subtle differences (e.g., the use of “probable” in ASC 606 vs. “highly probable” in IFRS. The standards continue to be largely aligned, but additional subtle differences have arisen as interpretations and revisions to the standards has occurred.

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