Has the ownership interest of multinational groups increased the accounting difficulties faced by local companies in Navarra? An empirical study

In this paper I have studied the extent to which the difficulties faced by local companies in Navarra have increased as a consequence of becoming subsidiaries of multinational groups. Namely, I have focused on the information required by the parent company with the purpose of preparing the consolidated financial statements for the whole group. Additionally, I have wanted to know the degree of implication of subsidiaries in this process and if they have independence in the process of reporting to their parent company. In order to provide empirical evidence, I have designed a survey and I have sent it to different companies. Since foreign investment has considerably increased during the last decade, I have sent the survey to companies which are located in Navarra and that are part of a multinational group with the parent company domiciled in a foreign country. I have also studied the main differences between three different accounting models: IFRS, U.S. GAAP and PGCEGraduado o Graduada en Administración y Dirección de Empresas por la Universidad Pública de NavarraEnpresen Administrazio eta Zuzendaritzan Graduatua Nafarroako Unibertsitate Publikoa