In a global market with varying standards and due to the varying economic sizes,
it would be of great benefit to investors and companies wishing to raise capital for
their local markets to incorporate international accounting standards in national standards Accessing multiple capital markets where each jurisdiction has its
reporting requirements can be very expensive. As a result, those seeking to raise
funds from major capital markets may be discouraged from doing business in
other markets other than their local markets simply because they would be
required to comply with another jurisdiction’s standards which they may not be
familiar with