This section discusses similarities and differences between U.S GAAP and IFRS regarding internal controls high-quality financial reporting. That aim translates into enhanced internal controls worldwide. Specifically, the purposes and principles of internal control systems are fundamentally the same across the globe. However, culture and other realities suggest different emphases on the mix of control procedures, and some sensitivity to different customs and environments when establishing that mix. Nevertheless, the discussion in this chapter applies internationally. Nokia provides the following description of its control activities.