Recent integrated reporting developments

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19 Aug 2016

A summary of recent developments at the IIRC, IAAER, ACCA, and IAASB.

The International Integrated Reporting Council (IIRC), the International Association for Accounting Education and Research (IAAER), and the Association of Chartered Certified Accountants (ACCA) have published two jointly commissioned research reports on integrated reporting:

  • The first report, Meeting users’ information needs: The use and usefulness of Integrated Reporting, explores how providers of financial capital perceive integrated reporting 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 adoption of integrated reporting. It is available here on the ACCA website.
  • 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 practices and issues faced by practitioners in determining materiality and conciseness in integrated reporting. The report can be accessed here on the ACCA website.

The International Auditing and Assurance Standards Board (IAASB)’s Integrated Reporting Working Group, dedicated to exploring emerging forms of external reporting, has released a Discussion Paper, Supporting Credibility and Trust in Emerging Forms of External Reporting: Ten Key Challenges for Assurance Engagements. The paper explores the factors that can enhance credibility and trust, internally and externally, in relation to emerging forms of external reports, the types of professional services most relevant to these reports, the key challenges in relation to assurance engagements, and the type of guidance that might be helpful in this context. The paper and several supporting documents are available on the IAASB website.

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