"Changes in filing requirements and accounting standards will drive conversion to international financial reporting standards (IFRS) in an organization, but the process of conversion will impact general business information technology systems, according to an analysis published by KPMG, Every system within an organization that uses financial information will be affected by conversion to IFRS, according to the KPMG report." (Accounting Web, 2008).

Read The Effect of IFRS on Information Systems.

http://polaris.umuc.edu/acct-fin/fm-syll/msfs670/readings/ifrs_it.pdf

1) Select a point or two presented in the report and comment. To support your comments, bring in other articles, readings, or real-life experiences. Are there any ERP/IS companies out there addressing the upcoming change?