Convergence of Accounting to International Standards

This study showed the main steps of a conversion to the successful international accounting standards, its benefits and also the impacts caused in the organization structure. We point out the main stages to adapt to the new standards, suggesting the best way and steps to ensure a successful implementation. We concluded that establishing of international accounting standards will benefit users and furnishers of financial statements, promoting consistency, comparability, reliability and better transparency to the financial statements issued by organizations around the world. As a result is expected an increase of foreign investments, and a reducing of the cost of issuing multinational information in many differing accounting standards.