Examples of Accounting Standard
This was a claim that Autonomy's former CEO, Mike Lynch, strongly disputed - he argued that much of the problems that HP faced with Autonomy stemmed from differences in accounting standards between Autonomy's home in the UK and HP's in the US. Essentially software sales in the UK are treated differently under GAAP, the accounting standard in use in the US, than they are under IFRS, the UK accounting standards.
(Forbes - Entrepreneurs, )
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