What type of exposure could the CFO of H&M in the U.S. be subjected to since H&M is based in Sweden and the financial statements are prepared according to IFRS? Payments or liabilities may also be subjected to exposure. Explain the operational hedging

What type of exposure could the CFO of H&M in the U.S. be subjected to since H&M is based in Sweden and the financial statements are prepared according to IFRS? 

Payments or liabilities may also be subjected to exposure. Explain the operational hedging strategies that may offset exposure.

If an investor wants to compare the financial results of the Gap, Inditex, and H&M, what difference does it make that their financial statement are prepared accordingly to a different GAAP? Would you expect there to be a big difference between U.S GAAP as used by the Gap and IFRS as used by H&M and Inditex?

What are the major sources of influence on H&M’s accounting standards and practices?