The Association of Chartered Certified Accountants (ACCA) has responded to the International Integrated Reporting Council’s consultation about the way ahead for integrated reporting (IR), saying the project is moving "in the right direction," but in need of development.

ACCA’s head of corporate reporting, Richard Martin, warned "there remain gaps in the framework that need to be fleshed out.

"The framework still needs to be fully field-tested, and it would help prospective preparers greatly if IIRC were able to provide case studies of best practice across a range of different organisations. These would also help promote adoption and aid compliance in an area where there is much enthusiasm but little awareness."

"A grey area still exists with regard to the relationship between the integrated report and other forms of reporting, such as statutory narrative reports and sustainability reports."

As a result of this, the ACCA suggested padding out the outline framework.

Overall, though, the ACCA complemented the IIRC on the rapid development of the IR project, and noted the broad support in a number of countries toward it.

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The Association of Chartered Certified Accountants