"In the context of financial accounting, consider a multinational corporation operating in various countries. Discuss the challenges it might face in implementing and adhering to International Financial Reporting Standards (IFRS) across its diverse subsidiaries. Explore the complexities associated with consolidating financial statements, including issues related to currency translation, differing accounting policies and practices in various jurisdictions, and the impact of cultural and regulatory variations. Furthermore, elaborate on how these challenges may affect the accuracy and comparability of financial information, and discuss the role of the accounting profession in addressing and mitigating these challenges to ensure transparency, accountability, and the provision of reliable financial information for stakeholders. Finally, examine the potential implications on decision-making for both internal management and external users of financial statements, considering the importance of harmonized accounting standards in the global business landscape