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What could happen if there is a conflict between the internal regulation of a country and...

What could happen if there is a conflict between the internal regulation of a country and the one it must adopt if it follows international accounting standards?

Note:Could you please don't use your handwriting to answer this question to be easy for me to solve...Thanks

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In this case we will prepare 2 sets of financial statements because as we must obey country internal rules for filing purposes and for better understanding of financial statements we will prepare another set so foreign investors will better understand financial statements based on international standards than countries standards so we will prepare 2 sets one for filing purposes and one for understanding of foreign investors

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