• Manju B
• Sunil Naik S

Accounting developments made by different international organizations which come under two categories; those backed by International or Political agreements and Voluntary organizations. The first category includes the United Nations and the European Union. The second category includes IASB, IFAC, IOSCO, and the European Financial Reporting Advisory Group. Further it includes, Confederation of Asia Pacific Accountants, American Accounting Association, The British Accounting Association, The Indian Accounting Association etc. This paper focus on the, Early Developments in convergence, Need for Convergence, Challenges of Convergence, Organizations involved in Convergence, It also includes the structure of IFRS foundation the esteem organization which involved in the process of internationalization of Accounting practices.

Accounting, IFRS, International Accounting, convergence, IASB.

"GLOBAL CONVERGENCE OF ACCOUNTING: BENEFITS AND CHALLENGES", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 9, page no.652-657, September-2020, Available :http://www.jetir.org/papers/JETIR2009299.pdf

"GLOBAL CONVERGENCE OF ACCOUNTING: BENEFITS AND CHALLENGES", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 9, page no. pp652-657, September-2020, Available at : http://www.jetir.org/papers/JETIR2009299.pdf