What standards will affect trinity as a result of ifrs

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Problem: Accounting- A Conventional Rule Based Accounting System Essay

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

Specifically, the following critical elements must be addressed:

IFRS

A. 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?

B. What changes will be required for Trinity to improve internal control compliance?

C. What standards will affect Trinity as a result of IFRS?

D. Discuss each infrastructure's role in supporting a compliance project like IFRS:

I. What constitutes Trinity's governance infrastructure?
II. What constitutes Trinity's IT infrastructure?
III. What constitutes Trinity's process infrastructure?

Reference no: EM133731416

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