why is ifrs important 
ifrs fosters transparency and trust in the global financial markets and the companies that list their shares on them if such standards did not exist investors would be more reluctant to believe the financial statements and other information presented to them by companies without that trust we might see fewer transactions and a less robust economy ifrs also helps investors analyze companies by making it easier to perform apples to apples comparisons between one company and another and for fundamental analysis of a company s performance the bottom linethe international financial reporting standards ifrs are accounting rules for public companies with the goal of making company financial statements consistent transparent and easily comparable around the world this helps with auditing tax purposes and investing 