SNHU Accounting A Conventional Rule Based Accounting System Essay

Prompt

Prepare a report on Trinity’s compliance with industry standards.

Specifically, the following critical elements must be addressed:

IFRS

What are the implications of a change in accounting standards? For example, what kinds of changes to data calculation and information reporting are likely to occur with a transition to a new standard?
What changes will be required for Trinity to improve internal control compliance?
What standards will affect Trinity as a result of IFRS?
Discuss each infrastructure’s role in supporting a compliance project like IFRS:

What constitutes Trinity’s governance infrastructure?
What constitutes Trinity’s IT infrastructure?
What constitutes Trinity’s process infrastructure?