It can be obviously seen that there are various benefits of using IFRS that cannot be denied in order to support corporate prepare financial reporting worldwide such as savings drafting standards cost. Besides that, the integration of accounting help for companies raising capital on international markets; helping enhance the comparability and transparency of financial reporting activities. The financial statements prepared in accordance with IFRS are widely accepted in many countries around the world. The financial statements are concerned, can be comparable and give a true financial situation of the organization is what investors are looking for in formulating their investment decision. In addition to that, IFRS helps to ensure global consistency of financial reporting standards applicable to organizations in the different jurisdictions, in terms of measurement, disclosure and transparency. Through the application of IFRS, companies will be able benefited from economic integration, such as access to capital, maintaining competitiveness and develop in a sustainable way. This reinforces the stability of the country’s economy. Going into the issues of interest, one of the biggest benefits that IFRS brings to businesses is saving costs. Investors do not need to use a large amount of money to ensure the accuracy and effectiveness of the declaration of monetary activities. The next is “With a similar internal reporting system within the company, which gives the chance of better comparisons, less confusion and mistakes between the parts of the company”(Neil 2002). The transport information across many parts will not suffer unnecessary mistakes and help homogenous information, avoiding complicating procedures when reviewing the errors if it is possible. Besides that, financial data information being disclosed to the media will not be misleading. More on that, “By using one set of Accounting Standards in diverse jurisdictions and capital markets. Further cost savings can be achieved, because the preparation of consolidated financial statements will be easier for companies. Since there are no longer costly changes from several different accounting systems for each subsidiary, when the parts of the company are consolidated for one. With one set of Accounting Standards, the credibility of the externally reporting could be raised”. (Neil 2002). Neil also stated that “International companies can realise significant cost savings if they do not have to change their financial statements to conform to each country's rules, when listing on security exchanges” (Neil 2002). In other words, the access to the main financial market will become easier for companies acting globally and access to capital is much simpler for them. We can see clearly through an example from Spullber. “For example, a company, which has a subsidiary in Cuba, the parent company is located in Germany and the shares are listed on the NYSE. This company would have to prepare financial statements in Cuba, in Germany and in order to be listed on an U.S. stock exchange it would have to prepare also financial statements in accordance with U.S. GAAP. Thus, its is easy to understand the strength that a world-wide accepted set of Accounting Standards would have”. (Spulber 2001). “From the standpoint of the users of financial statements. Investors, banks or owners are interested in obtaining information, which enables them to make buy/sell/hold investment decisions” (Neil 2002). Performance comparable financial reporting among countries and between companies with similar financial statements will not encounter any problems during implementation. This can be explained with the circumstances that similar transactions are accounted for and reported in the same manner everywhere in the world. Standard international financial reporting (IFRS) today is applied by a lot of countries around the world , as of the end of 2008 (08.27.2008) had more than 100 countries including Australia, Singapore Turkey, ... and all of the countries in the European bloc. Besides, there are many countries in the preparation process through the IFRS transition has not yet been completely through. That, underlining the harmonization that IFRS can bring to satisfy the needs of businesses and investors.