IFRS in the region the council of Fiji institute of accountants has resoived all the extant of international accounting standards and the newly developed international finanancial reporting standards?

IFRS in the region the council of Fiji institute of accountants has resoived all the extant of international accounting standards and the newly developed international finanancial reporting standards?
why was the adoption of the IFRs seen as an incentive formultinationals and local enterprises to register on the local stockmarket in fiji