Recognition of Tangible and Intangible Assets

Hi there – can you clarify something for me?

The conceptual framework changed the recognition criteria to remove the ‘probable returns’ element and instead base the decision of when to recognise on whether info is relevant and faithfully represented information about an asset.

However individual accounting standards for tangible and non tangible assets still reference that these should only be recognised when returns are probable and can be reliably measured.

Can you clarify which takes priority i.e. do both of the above need to be met for recognition in the FS or does the individual accounting standard provide the definitive requirement?

Thanks in advance.