A basic procedure after translation is to conform to U.S. GAAP.

Question

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Translation refers to converting financial statements from one currency to another, which is a step in preparing multinational or multi-currency financial reports. Conforming to U.S. GAAP (Generally Accepted Accounting Principles) is a broader requirement that involves following specific accounting standards and principles for financial reporting in the United States, not just related to currency translation.

A Basic Procedure After Translation Is to Conform to U