The International Integrated Reporting Council (IIRC) has published its 2018 integrated report with, for the first time, limited assurance from an independent auditor. The IIRC Board’s decision to seek assurance reflects its determination to follow the principles the IIRC advocates, as it works to build robust and effective reporting globally. Assurance is also an effective tool …
Over the past few years, India has seen remarkable progress in corporate reporting and disclosures. Investor requirements, societal expectations and introduction of regulations have all contributed towards transparency and broadening of corporate disclosures beyond traditional financial parameters. One key driver was the circular issued in 2017 by the Securities Exchange Body of India (SEBI) that …
Since the industrial revolution, the market economy has propelled prosperity, well-being, life expectancy, cultural creativity and personal fulfilment. However, our economy is also aggravating natural resource depletion, deadly pollution, over-consumption and growing social concerns ranging from income inequality to climate migrations. A plethora of global studies support one of the largest scientific consensuses ever: the …
The UN Sustainable Development Goals (SDGs) address issues that impact on long term business success, the health of our planet’s natural environment and the well-being of its people. Businesses, asset owners and asset managers are recognising the risks and opportunities arising from issues such as poverty, inequality, climate change and environmental degradation. They are incorporating …
Academics Delphine Gibassier (Audencia Business School), Carol Adams (Durham University Business School and Swinburne Business School) and Tiphaine Jerome (University of Grenobles Alpes) write about the recent research they have undertaken into the uptake of integrated reporting globally. As the IIRC’s ‘momentum phase’ gets underway, the French Autorité des Normes Comptables (ANC, French Accounting Standardization …
The world’s leading financial and non-financial corporate reporting frameworks have the same common foundations, based on the key objectives of transparency and accountability, according to a position paper published by the framework providers today [2 July 2019]. The position paper sets out the seven key principles report preparers should follow for achieving such transparency and accountability. …
Corporate Reporting and Investor Expectations Conference and the Bell Ceremony, 18 June 2019, Borsa Istanbul Along with the development of and the growing interest for integrated reporting in Turkey, an international conference had been initiated by the Integrated Reporting Network Turkey (ERTA) for exploring corporate reporting and investor expectations. The conference, which was organized in collaboration …
The latest news and developments. In this newsletter published June 2019: IIRC appoints new interim CEO, Charles Tilley OBE IIRC presents at IOSCO Sustainable Finance Network Consultation findings on better alignment in reporting landscape announced Over 400 businesses move to integrated reporting in Japan How to integrate extra financial information into decision making Integrate SDGs …
The International Integrated Reporting Council (IIRC) is today, 20 June 2019, announcing that its Chief Executive Officer Richard Howitt is stepping down with effect from 21 June 2019 after nearly three years’ service. Barry Melancon, IIRC Board Chair, said: “I would like to thank Richard for all his efforts to drive the growth of integrated …
What could Africa learn from the 2019 International Integrated Reporting Conference (IIRC), hosted in London on May 16 -17, 2019. This is what I reflected on after participating and speaking in the inspiring conference attended by over 250 business, investor, accountancy and regulatory leaders. I identified four key lessons that the IRC of South Africa and particularly the Africa Integrated Reporting Council …