Report of the Committee on Information Systems.

Abstract The article highlights the report of the Committee on Information Systems of the American Accounting Association. The charge to the committee on Information Systems is to assess the developments that are likely to occur over the next ten years that will have a significant impact on the design and operation of information systems and to develop a report on it. The accounting function is one of the most important information systems in an organization. A major socio-political development likely to have a significant impact on the design and operation of information systems over the next decade is an increasing emphasis on social responsibilities, not only by federal, state, and local government, but by industry, not-for-profit organizations, and private citizens as well. Finally, since there appears to be a trend toward more community involvement by the private sector, information for coordinating the private and public sector efforts will be required. There is an extensive literature in economics on macro-economic concentration, industry concentration, and individual firm size as they relate to efficiency and competition. Inputs to the educational system include students, faculty, and financial resources. Developments in information systems are rapidly affecting pedagogy. Technical developments in communication and information systems have and will continue to provide additional educational capabilities.