CIPFA and the IIRC launch network to promote Integrated Reporting in the Public Sector
06 May, 2014
The Chartered Institute of Public Finance and Accountancy (CIPFA) and the International Integrated Reporting Council (IIRC) have announced that they are creating a new network that will aim to pioneer the implementation of Integrated Reporting <IR> within the public sector. The international Public Sector Pioneer Network (“the network”) will seek to demonstrate how IR can be applied across the various different types of bodies in the public sector and will enable members to share their experiences with others of <IR>.
Based upon their research, CIPFA has identified that “<IR> principles can readily be applied in the public sector, although there are some sector-specific issues to be considered in more detail to facilitate this”. CIPFA and the IIRC highlight that the new network will help to identify and address these sector-specific issues “and so facilitate the application of <IR> to public sector organisations”.
CIPFA highlight the following benefits of participation in the network:
Visibility as a global leader in the reporting field
Support through network meetings, forums and similar
Exchange of information on good practice relevant to the sector
Feedback in relation to developing <IR> content
Benefits internally from developing a more integrated approach to management
The opportunity to help shape a public sector perspective on integrated reporting
Input to the future development of the <IR> Framework.
Participants will be expected to contribute to the cost of running the network, expected to run over two years “covering two reporting cycles 2014/15 onwards”.
Those interested in applying to join the network should download and complete an application form by 30 May 2014. Following a review of the expressions of interest, formal invitations to participate in the network will be sent by 25 July 2014.
The press release, including application form, can be accessed on the CIPFA website.
