IIRC, ACCA and IAAER publish two research reports on Integrated Reporting
Aug 10, 2016
On August 10, 2016, the International Integrated Reporting Council (IIRC), the Association of Chartered Certified Accountants (ACCA) and the International Association for Accounting Education and Research (IAAER) have published two research reports on Integrated Reporting (<IR>).
The first research report, Meeting Users’ Information Needs: The Use and Usefulness of Integrated Reporting, explores how providers of financial capital perceive <IR> and its potential for providing decision-useful information, through interviews with senior capital market participants and other significant reports users. The report highlights investors’ information needs and identifies the key challenges to widespread <IR> adoption.
The report indicates that “there is still work to do in raising awareness of <IR> principles among equity investors and other providers of finance so that integrated reporting is expected and demanded”.
A number of recommendations are put forward which focus on increasing the current market penetration of and familiarity with <IR> among equity investors and other providers of finance/users and increasing the demand and perceived usefulness of <IR>.
The second report, Factors Affecting Preparers' and Auditors' Judgements about Materiality and Conciseness in Integrated Reporting explores the issues of materiality and conciseness in Integrated Reporting from the perspectives of corporate report preparers, company auditors and users of reports. Evidence was gathered about current <IR> practices and issues faced by practitioners in determining materiality and conciseness in <IR>.
For further details, refer to the press release on the ACCA website: