Corporate Reporting Dialogue publishes paper on transparency and accountability

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Jul 02, 2019

On July 2, 2019, the Corporate Reporting Dialogue (CDP)—an initiative convened by the International Integrated Reporting Council (IIRC) bringing together the major international reporting frameworks—issued a position paper that sets out the seven key principles report preparers should follow for achieving transparency and accountability.

In the paper, entitled “Understanding the value of transparency and accountability”, CDP (consisting of the Climate Disclosure Standards Board, the Global Reporting Initiative, the International Accounting Standards Board, the International Integrated Reporting Council, the International Organization for Standardization and the Sustainability Accounting Standards Board) set out seven principles of transparency and accountability that they commonly believe are fundamental to corporate reporting: materiality, completeness, accuracy, balance, clarity, comparability and reliability.

Participants of the Dialogue have committed to promoting the application of these principles for the wider reporting landscape in future interactions or partnerships, as part of their commitment to providing greater clarity to the reporting landscape on how to use the individual frameworks of Dialogue participants to achieve effective, holistic reporting.

The paper can be accessed by visiting the Corporate Reporting Dialogue website.

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