Explait wy ing regulators. 8. In its 2003 annual report, Honda Motor Company Ltd. states Honda's manufacturing operations are principally conducted in 25 factories, 5 of which are located in Japan. Principal overseas manufacturing factories are Jocated in the United States of America, Canada, the United Kingdom, France, Italy, Spain, India, Pakistan, the Philippines, Thailand Vietnam, Brazil, and Mexico. ...The company and its domestic subsidiar ies maintain their books of account in conformity with financial account- ing standards of Japan, and its foreign subsidiaries generally maintain thei books of account in conformity with those of the countries of their domicile. The consolidated financial statements presented herein have been prepared in a manner and reflect the adjustments which are necessary to conform them with accounting principles generally accepted in the United States of America. (p. 59) separate Required: Discuss the possible reasons for Honda to prepare its consolidated financial statements in conformity with U.S. GAAP Nark Ctael Evehs