The harmonization of accounting standards has become a highly demanded topic of debate and discussion among professionals around the world. Accounting standards are considered standards of accounting policies and practices in the form of guidelines on how to treat financial statements. These statements are designed to increase and evaluate the quality of financial reporting. The goal of “harmonization” can be seen as reducing differences to achieve a standard or pattern of uniformity. The motivations of the EU and the IASB are to be involved in the process of harmonization of the different national accounting systems. Their goal is to develop a single set of high-quality, understandable and applicable global accounting standards. (Elliott and Elliott, 2009). Although it is more standardizing than harmonizing because it is less flexible. This “harmonization” will also help the global economy by: facilitating international transactions and minimizing foreign exchange costs by providing increasingly perfect information, standardizing information for economic decision-makers around the world, improving information in financial markets and improving government accountability. making fun of the global “level playing field.” Accountants and/or auditors will obtain the same information, thereby simplifying the evaluation process. In the absence of free trade, international accounting standards will allow countries' tariffs, quotas and other trade restriction mechanisms to be more precise and less risky for those participating in trade. managers will be able to make more useful decisions. Global resources will be much better managed and localized. With the increasing pace of international trade and business internationalization, middle of paper......sorry. Whittington (2005) stated that the motivation for the creation of the IASC was due to the need for a common international accounting language to serve the capital markets. He emphasized that a common set of accounting standards increases the comparability of companies in different countries and facilitates the consolidation of groups of companies based in different countries. different countries. Although the IASB sets standards after careful review by different national standards bodies, it is clear that it is more interested in convergence than harmonization. In some ways, this may also support the sentiments expressed by UK CFOs in a survey that IFRS compromises the integrity of reporting in the UK (and indeed all other countries) (Elliott and Elliott , 2009). Countries still need to preserve their national pride as they have significant economic and cultural differences..