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IIRC and CIPFA publish Guide on Integrated Reporting in the public sector

  • IIRC (International Integrated Reporting Committee) (green) Image
  • Public Sector Accounting Image

15 Sep 2016

The International Integrated Reporting Council (IIRC) and the Chartered Institute of Public Finance and Accountancy (CIPFA) have published an introductory Guide to Integrated Reporting (<IR>) in the public sector.

The objective of the report is to “to explain to public sector leaders and their teams how integrated thinking and reporting can help the sector consider how to make the most of resources, encourage the right behaviours and demonstrate to stakeholders how they are achieving the strategy and creating value over the short and longer term”.  

The guide outlines the fundamental concepts underpinning <IR> and provides case studies to demonstrate how <IR>is used in a practical context.  It indicates that those that have adopted <IR>, including many in the public sector, have identified a number of benefits including: 

  • An increased understanding of performance and value creation at a number of levels including leadership, employee and stakeholder.
  • Improvements in decision making to deliver sustainable outcomes due to improved management information.
  • Increased understanding of strategy by financial providers

Further practical guidance on the implementation of the <IR> Framework in the public sector will be made available by CIPFA in 2017.  For those public sector organisations wishing to learn more about <IR> and integrated thinking the Public Sector Pioneer Network is available.

The guide is available on the CIPFA website.

 

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