The purpose of this study is to examine the perception of practitioners, auditors, and academic about important issues on IFRS convergence in Indonesia as well as the plan to fully adopt IFRS in Indonesia. Indonesia is one of the emerging countries with distinct features that could shed some lights on IFRS convergence issues. The level of respondents’ familiarity with IFRS as well as IFRS convergence in Indonesia is quite good. There are several challenges in IFRS convergence in Indonesia, namely complexity to measure fair value, complexity of IFRS-based accounting standards, and tax and accounting standard differences. Regarding the plan to fully adopt IFRS, respondents in average agree that the most significant benefit of IFRS full adoption is IFRS create uniformity in global financial reporting. However there are several obstacles: lack of education, understanding, and experience by preparers of financial reports with the use of IFRS-based, coordination and collaboration among global regulators, and required changes in accounting standards. Majority of respondents do agree that Indonesia fully adopt IFRS and they stated that it will take least 3-5 year for Indonesia to fully adopt IFRS.