Local GAAP (Generally Accepted Accounting Principles) refers to country-specific accounting rules, while IFRS (International Financial Reporting Standards) is a globally accepted framework for financial reporting.
Why Local GAAP vs. IFRS Matters
Understanding the differences ensures accurate reporting and legal compliance. Companies operating globally often need to reconcile between multiple standards.
How HSP Group Can Help with Local GAAP vs. IFRS
HSP Group supports clients with multi-standard reporting requirements. Our Finance Experts help interpret local GAAP and align your books with IFRS where applicable.