German rules cause trouble.

German accounting standards have a distorting influence on company results, according to a survey of finance directors. The survey by Exact Software UK, an ERP vendor, found that, whereas US and French standards were felt by respondents to be particularly difficult to comply with, it was German financial reporting legislation that presented the most significant challenges for managers in understanding their international subsidiaries. Of respondents who answered the question: ‘Which national standards cause the most problems in presenting a fair picture of your business?’, 41% mentioned Germany.

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