Share

International Integrated Reporting (<IR>) Framework

The release of the International Integrated Reporting (<IR>) Framework on Monday 9 December 2013, marks an important milestone in the market-led evolution of corporate reporting.  It follows a three-month global consultation led by the International Integrated Reporting Council (IIRC) earlier this year, which elicited over 350 responses from every region in the world, the overwhelming majority of which expressed support for <IR>.

The primary purpose of an integrated report is to explain to providers of financial capital how an organization creates value over time. "An integrated report benefits all stakeholders interested in an organization’s ability to create value over time, including employees, customers, suppliers, business partners, local communities, legislators, regulators and policy-makers". 

The Framework) takes a principles-based approach. The intent is to strike an appropriate balance between flexibility and prescription that recognizes the wide variation in individual circumstances of different organizations while enabling a sufficient degree of comparability across organizations to meet relevant information needs. It does not prescribe specific key performance indicators, measurement methods, orthe disclosure of individual matters, but does include a small number of requirements that are to be applied before an integrated report can be said to be in accordance with the Framework.

Professor Simnett is a key member of the technical task force of the International Integrated Reporting Committee (IIRC).

Materials

  • Conclusions on Consultation Draft (PDF, 192.8 KB) Download
  • International Integrated Reporting (<IR>) Framework (PDF, 854.6 KB) Download
  • Summary of Significant on Consultation Draft (PDF, 512.4 KB) Download

Intended Audience and Usage

Key documents providing essential reference material on the advent of integrated reporting. For use across a range of educational settings. 

Comments

There are 0 comments on "International Integrated Reporting (<IR>) Framework"

Login to read and post a comment