Accounting Standards in word countries: Diverse countries like Peru, Australia, Kuwait, South Africa etc. have all started adopting the IFRS. The SEC has suggested that all companies be permitted to maintain financial records based on IFRS. This is to ensure consistency and transparency in the financial records. It also ensures comparability across various organizations across the globe. Otherwise with different countries following their local accounting standards, it becomes difficult to compare countries across the globe. Expertsmind.com offer unique solution in Accounting