This article is published in ACCA Magazine : Accounting and Business (AB) International Edition, July 2012. The magazine can be downloaded from www.accaglobal.com/abAs IFRS Convergence pushes ahead in Indonesia, Rosita Uli Sinaga and Ersa Tri Wahyuni look at the challenges and expectations that are to comeAs one of the members of the Group of 20 Leaders - the G20, Indonesia is working toward adopting International Financial Reporting Standards (IFRS). The decision to converge was announced by the Indonesian Institute of Accountants (IAI) in 2008 with the aim of eliminating the differences with local generally accepted accounting principles. (more…)