Role of Cross-Border Accounting in M&A

Cross-border accounting advisory is crucial in mergers and acquisitions, especially when dealing with companies transitioning between different accounting standards, such as IFRS and US GAAP. The podcast highlights how European companies seeking to be acquired by US firms often face the challenge of converting their local GAAP to meet US standards. Katrina Nachi, an expert in this field, explains that understanding the unique regulations of both locations is essential, as various stakeholders may impose specific reporting requirements. Without thorough knowledge transfer within the involved teams, maintaining compliance post-acquisition can become increasingly difficult.