Differences between the financial reporting standards for companies registered in the Czech Republic and the USA

You have applied for a role at ABC Plc, a multinational company (headquartered in the UK). ABC plc has recently acquired shareholdings in companies in the Czech Republic and the USA. As part of your selection interview you have been asked to prepare a report discussing the following issues:  differences between the financial reporting standards for companies registered in the Czech Republic and the USA  the economic factors which could explain ABC plc’s decision to acquire the shareholdings in the subsidiary companies in these locations,  how the use of technology can improve financial reporting within for ABC Plc and its subsidiaries.