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IFRS have introduced a major change in the accounting practices for listed firms- financial statements. However, the IFRS- effects are not limited to the accounting field; they also impact corporate governance processes. Firstly, through 15 conversations with executive officers, directors, financial officers, and accounting officers, it appears that the change in accounting standards has been well documented to the directors, and specifically to the members of the audit committee, but that there has not been any fundamental change in the reporting system to the board of directors. Two remarks can be made, however: accounting information is no longer limited to a small part of the firm but is engaging with operators and local executives; and the IFRS, together with the process of information system unification, will give unique, formalized, and controlled information to all the stakeholders of the firm, and this could, at some time, lead to better control of the top executives.