Role of IFRS in the process of economic globalization

This article discusses the important process of economic globalization and the influence on him of International Financial Reporting Standards. To date, under the influence of a number of factors there is a rapid internationalization of the economy. It causes the need for comparability of the credentials received by corporations in different countries. International accounting standards just yet allow to submit the accounts of companies in different countries in a uniform manner to facilitate their better understanding and a higher information content, which in turn contributes to the process of globalization.