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IIRC prototype of the international framework released

The International Integrated Reporting Council (IIRC) has released a prototype of the International Integrated Reporting (<IR>) framework, a further step towards publication of version 1.0 of the framework in 2013.

The IIRC said the prototype framework is an interim step intended to demonstrate progress towards defining key concepts and principles that underpin <IR>, and support organisations' ability to produce an integrated report.

IIRC chief executive Paul Druckman, said that by publishing the prototype, the IIRC are encouraging businesses to start testing the principles of Integrated Reporting and evaluating their relevance and applicability.

"We have found out the hard way in recent years that our capital markets, governance and reporting systems need to evolve to encourage financial stability and a greater long term focus. Integrated Reporting will be one of the tools that ensure we don't slip back into 'business as usual'".

The IIRC is also said it is on course to publish a formal consultation draft of the framework in April 2013, to be followed by the final "version 1.0" in December 2013.

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Prototype framework

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