Why is IFRS principles based?

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  1. #conceptual
  2. #major
  3. #principles
  4. #differences
  5. #rules
  6. #principle
  7. #approach
  8. #instead
  9. #include
  10. #guidance
  11. #based
  12. #however
  13. #whereas
  14. #considered
  15. #positions
  16. #easily