Integrating the requirements of internationally accepted accounting
norms with the skill level of national accounting staff*
is one of the more challenging tasks facing multinational organizations.
As a rule, local practitioners (and most audit professionals*)
are trained and educated*
in applying "National GAAP*",
which naturally leads them to analogize*
from these standards to IFRS/US GAAP (even if this means violating the latter*).
To help overcome this tendency, GAAP.cz provides assistance in devising
policies and procedures fully compatible with IFRS / US GAAP to replace
policies set in violation of IAS
8.7* / ASC
105-10-05-01*.
Also see: accounting
outsourcing
