Impact of IFRS conversion on IT systems

The change to IFRS may affect a lot more than financial statements; it may have an impact on IT systems too. If you are a CFO in a publicly accountable organization, you have hopefully begun building your international financial reporting standards conversion strategy. One thorny question you may be asking is: Will the impact on my IT systems be significant? (Read the article: A Big Deal? and the Deloitte guidance Technology Implications of IFRS Adoption for US Companies.)