Non-comparability of the financial statements

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Reference no: EM132167963

The U. S. based MNEs follow the FASB (Financial Accounting Standards Board that has promulgated GAAP) and many of the industrialized countries in the rest of the world follow the dictums of the IASB (International Accounting Standards Board). What are the various risks arising from this non-comparability of the financial statements of MNEs incorporated in different parts of the world? How will you handle them for your US based MNE with interest in merging with or acquiring foreign companies?

Reference no: EM132167963

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