If the financial crisis has taught us anything, it is that the way business works must change. An evolution is descending upon the community, in the way credit is provided, in the standards of financial reporting, in how auditors work, and in the way businesses communicate with their stakeholders. One term that was heard of …
Using the prototype integrated reporting (IR) framework released by the International Integrated Reporting Council (IIRC) has yielded better communication between internal stakeholders and more robust conversations about materiality, strategic focus and future orientation, according to two participants in the IIRC’s pilot program. The IIRC last year released a prototype that establishes the guiding principles and …
The International Integrated Reporting Council (IIRC), established in 2010 as a joint venture of the A4S, the Global Reporting Initiative and the International Federation of Accountants (IFAC) is developing a framework intended to be a catalyst for integrating the many forms of reporting; it is not designed to replace existing disclosures. Instead, it is the …
In this issue: IIRC Council Achieves Important Milestone at Meeting in Washington, D.C. Driving Forwards Communication Fit for the 21st Century Become an <IR> Advocate! How to Get Involved Wherever You Are in the World Background Papers for <IR> Read the March Newsletter here.
US founding father Benjamin Franklin once observed: “I believe that the great part of the miseries of mankind are brought upon them by false estimates they have made of the value of things.” Franklin’s insight, predated by many years the creation of the joint stock, limited liability enterprise, the dominant form of the modern publicly …
What I envision that to mean is summary statements in one or two or three pages identify what the key sustainability issues are, economically, socially and environmentally. And then enables you to drill down through hyperlinks to the more detailed information in those areas to see how those actually work. One key problem that the …
CCAB is delighted to support the work of the IIRC on Integrated Reporting which seeks to introduce the concept of more concise reports that give a comprehensive view of companies that are both meaningful and useful to investors and other stakeholders. All five CCAB bodies – ICAEW, ACCA, CIPFA, ICAS and Chartered Accountants Ireland – …
Integrated reporting remains a key goal for stakeholders interested in understanding an entity’s performance and future sustainability prospects. It is fundamentally different to sustainability reporting in its focus on issues that are material to the business. The keynote speaker at the workshop Santhosh Jayaram, organised by ACCA (The Association of Chartered Accountants) for CEO’s and …
GRI and the International Integrated Reporting Council (IIRC) signed a new memorandum of understanding this week, with GRI effectively recommitting to integrated reporting. This is important because there have been doubts about GRI’s comfort with the direction of integrated reporting. One of the concerns at the meeting of GRI’s stakeholder council (which I sit on …
Prepared by the Financial Reporting Council (FRC) Integrated Reporting Task Force on 11 September 2012 Revised by the FRC Integrated Reporting Task Force on 18 February 2013 Introduction In its 15 December 2011 submission to the International Integrated Reporting Council (IIRC) on its Discussion Paper titled Towards Integrated reporting – Communicating in the 21st Century, …