Accountants eveywhere need to watch out
So, it does not matter if you follow fory local accounting laws and practices. The USA seems to have jurisdiction over you wherever you are and if you are not applying their laws, you can be sent to jail for a long time even though you have done nothing wrong in your country of residence.
Isn't it time for other countries to start applying their local laws to US companies and send their CEO's to jail?
As the US laws seem to 'Trump' you local ones, you don't have sovereignity any more. You are effectively a US Colony no matter where you are on the planet.