Can someone please explain how earning management is possible for multinational companies using dual financial reporting, i.e under both US GAAP and IFRS.
For example, how a US parent company under GAAP and its foreign subsidiaries under IFRS can use earning management when the subsidiary is consolidate to the US accounts , and vice versa.
Please provide examples and accounting standard etc. to sustain example.
e under both US GAAP and IFRS.
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