The article investigates how International Financial Reporting Standards (IFRS) impact accounting information quality. By comparing IFRS with local accounting standards, the study found that investment value, financial assets, and goodwill are higher under IFRS, while retained earnings decrease. Net income, however, increases under IFRS. This shows that IFRS significantly affects accounting components and highlights the importance of understanding the differences between local and international accounting standards. The findings are valuable for investors, decision makers, and preparers of financial statements, especially for countries considering adopting international accounting standards.