"As businesses are becoming global, it becomes more difficult and complex within a company to structure the accounting function and skill sets. It's difficult to find personnel throughout the world familiar with local standards and U.S. GAAP."
So said Marsha Hunt, vice president and corporate controller at diesel engine manufacturer Cummins, during a discussion at the FEI's New York conference on current financial reporting issues. Writer Carol Lippert Gray was there, and reported on Hunt's remarks for jobsinthemoney.com.
The Need for GAAP Knowledge Overseas [JITM]
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