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What is a major challenge in international accounting for multinational organizations?
  • a)
    Different tax systems, rates, and compliance requirements.
  • b)
    Currency rate fluctuations and exchange rate risk.
  • c)
    Difficulty in finding reliable and cost-effective accounting services.
  • d)
    All of the above.
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What is a major challenge in international accounting for multinationa...
A major challenge in international accounting for multinational organizations is dealing with different tax systems, rates, and compliance requirements. Each country has its own tax laws and regulations, which can vary significantly from one jurisdiction to another. This can make accounting and tax compliance complex and challenging for multinational organizations. It is important for these organizations to have a thorough understanding of the tax laws in each country they operate in, and to ensure compliance to avoid penalties and legal issues.
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What is a major challenge in international accounting for multinational organizations?a)Different tax systems, rates, and compliance requirements.b)Currency rate fluctuations and exchange rate risk.c)Difficulty in finding reliable and cost-effective accounting services.d)All of the above.Correct answer is option 'A'. Can you explain this answer?
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