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PAIB eNews: International Integrated Reporting Committee Releases Discussion Paper
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September 12, 2011
The International Integrated Reporting Committee (IIRC) today released its Discussion Paper, Towards Integrated Reporting - Communicating Value in the 21st Century.
The paper, which is the result of extensive input from experts around the world, presents the rationale for integrated reporting, offers initial proposals for the development of an international integrated reporting framework, and outlines next steps toward its creation and adoption. The goal of the paper is to solicit input from all stakeholders. The IIRC will also be commencing a Pilot Programme in October 2011 to "road test" this framework.
Integrated reporting will allow organizations to release more inclusive and useful reports on all aspects of performance, including environmental, social, and governance, as well as economic, in a concise and user-friendly format. This inclusion of more meaningful and understandable information will allow organizations to provide a significant assessment of the long-term viability of an organization, as well as meet the information needs of investors and other stakeholders.
The Discussion Paper follows up on many of the themes and recommendations of the IFAC report Integrated the Business Reporting Supply Chain.
Comments are encouraged from various stakeholders, including reporting organizations, investors, policy-makers, regulators, standard-setters, civil society, employees, assurance providers, academics, and others. The Comment Deadline is December 14, 2011; they can be submitted to dpresponses@theiirc.org or through www.theiirc.org.
About the PAIB Committee and IFAC
The PAIB Committee serves IFAC member bodies and the more than one million professional accountants worldwide who work in commerce, industry, financial services, education, and the public and not-for-profit sectors. Its aim is to promote and contribute to the value of professional accountants in business by increasing awareness of the important roles professional accountants play, supporting member bodies in enhancing the competence of their members, and facilitating the communication and sharing of good practices and ideas.
IFAC is the global organization for the accountancy profession, dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. It is comprised of 164 members and associates in 125 countries and jurisdictions, representing approximately 2.5 million accountants in public practice, education, government service, industry, and commerce.
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