Promote cross border investment and global comparability of financial
statement
2 Provide information for business control and decision making
3 Increase access to global capital market
4 Increases stability of capital markets
5 Increases comparability of corporate information
6 Enhances market efficiency
7 Provide a level playing field internationally for companies
8 Improves the transparency and usefulness of accounts
9 Improves public confidence in the market
10 Enables multi-national companies to consolidate their financial statement