This paper aims to describe one of the global issues of IFRS convergence
in Indonesia which is the measurement by using the fair value in relation to the
information generated based on the qualitative characteristics of information.
Globalized development itself requires good accounting standards required by the
capital markets or institutions that have an agency problem caused by the
problem of distance between the Principle and agent. The phenomenon is then
pushed the International Accounting Standards Boards convergence of
International accounting standards with IFRS. Financial statements based on
historical cost fail to provide early warning signals about the financial difficulties
being experienced by financial institutions. Issue is then a very strong incentive to
apply the fair value method instead of historical cost.