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Joint IFAC and IIRC Project: Accelerating Integrated Reporting Assurance [Research]

Next steps:

This Initiative will be rolled out in installments; the first installment was issued on February 26, 2021.

Last up­dated:

February 2021

Overview

On February 26, 2021, the International Federation of Accountants (IFAC) and the International Integrated Reporting Council (IIRC) launched a new joint initiative, “Accelerating Integrated Reporting Assurance in the Public Interest”. 

The Initiative recognizes that new thinking is required to determine what comprises integrated report assurance and how to best deliver it, given integrated reporting’s broad and forward-looking focus on value creation. The Initiative, which will be rolled out in installments, is designed to heighten awareness of key issues, drive constructive conversation with and among key stakeholders, and encourage providers and users of assurance services in particular to lend their voices to the effort.

The first installment of the Initiative sets out what integrated reporting assurance involves for organizations, auditors, and others. This installment also addresses the difference between the two types of assurance - limited and reasonable - and what is required of auditors and organizations to strive for reasonable integrated reporting assurance.

Feedback on the Initiative and the first installment can be sent to stathisgould@ifac.org. All comments are welcome, especially those that address: (i) perceived or actual opportunities and challenges for progressing integrated reporting assurance; and (ii) areas in which additional thought leadership and guidance would be useful for organizations, auditors and assurance providers.

Review the press release on the IFAC's website.

 

Other De­vel­op­ments

February 2021

On February 26, 2021, the International Federation of Accountants (IFAC) and the International Integrated Reporting Council (IIRC) launched a new joint initiative, “Accelerating Integrated Reporting Assurance in the Public Interest”.

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