Adoption of international standards would mean more training opportunities which the FIA can provide with. Since the Government is not involved in regulating the accounting standard setting in Fiji, the FIA can argue that adopting IFRS for SMEs is in their best interest to facilitate international trade. The FIA can also argue that adopting IFRS for SMEs can enable Fiji to have greater access to capital market worldwide, as now it can prepare comparable financial statements based on the international standards. As defined by Posner (1974), Capture Theory explains that regulation is provided in response to the demands of interest groups struggling among themselves to maximize the income of their members. According to Godfrey and Langfield-Smith (2005), a specific form of Private Interest Theory is Regulatory Capture Theory, which describes how the parties who are being regulated are capturing the regulatory process. For instance, in the case of setting accounting standards, the parties being regulated could be accountants who may be represented by more experienced accountants (such as Audit Partners) in the regulatory bodies and thus the result would be the regulatory capture by the accountants themselves. In other words, accountants can regulate the accounting standards themselves (for example, the FIA which is a self-regulatory body).