The International Integrated Reporting
Council (IIRC) has issued a draft outline of the Integrated
Reporting Framework.
“The concept of ‘integration’, embedding
value-relevant financial and non-financial information into
strategic decision-making and a company’s reporting cycle, is
gaining momentum as a vital step in the evolution of corporate
reporting globally,” IIRC chief executive Paul Druckman said.
The outline follows a consultation period
which began in September 2011 when the IIRC launched the discussion
paper Towards Integrated Reporting – Communicating Value
in the 21st Century.
The IIRC also confirmed it will launch a
prototype framework by the end of 2012, a draft framework mid-2013
followed by the definitive version in late 2013.
Druckman added that integrated reporting is a
market-led initiative aimed at giving stakeholders insights into
how a company’s strategy creates value over the short, medium and
long-term.
Related articles
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
CPA Australia appointed to the IIRC
IIRC to issue Integrated Reporting framework in 2013