AICPA & CIMA: VRF’s Integrated Principles

Andrew Harding, FCMA, CGMA,Chief Executive, The Association of International Certified Professional Accountants, representing AICPA & CIMA comments

 ’We welcome the publication of the Integrated Thinking Principles Prototype by the Value Reporting Foundation. We are particularly pleased to see that the business model framework concept is at the heart of the Principles, especially considering the growing focus on ESG and sustainability in corporate decision-making and reporting. Now more than ever, it is essential that accounting and finance professionals work in an integrated manner, and support their organisations in rethinking how they create value for all stakeholders. The Integrated Thinking Principles will help organisations reach this goal and will be a good complement our soon-to-be-published updated Global Management Accounting Principles, enabling corporate reporting to stay fit for purpose.”