دانلود رایگان مقاله مورد کسب و کار و بینش از پیشرو شاغلان، تنظیم کننده ها و دانشگاهیان

Abstract

Integrated reporting, a new development in the reporting landscape, seeks to concisely communicate a firm's value through a more holistic picture that integrates financial and non-financial information. This practice is in its infancy in the United States and Europe, with many firms unsure of what integrated reporting is, what its benefits are, and even how to set it up. Drawing upon transcripts from 19 unstructured panel interviews at a global symposium on the subject, we discuss the business case for integrated reporting, as well as the multitude of challenges a firm faces when beginning its integrated reporting journey. We also summarize experiences and tips from interviewees on the need for integrated thinking, the most effective use of the International Integrated Reporting Council's framework, the best way to obtain high-quality data, the ideal audience of such reports, and the options for report assurance.

4. Progress

The IIRC provides a global database of company reports that follow their framework (http:// examples.integratedreporting.org/home). Companies preparing an initial integrated report, as well as those looking to improve their report, can leverage this database to examine peer reports. Praxair Inc.’s value creation story, for example, shows how integrated reporting communicates a holistic picture of how a business creates its value from different types of capital (see Appendix B). Potash Corporation’s performance snapshot provides tangible indicators of value creation across differentfacets ofthe business (e.g., employee position acceptance rates, injuries, greenhouse gas emissions) while the business model graphic from South Africa’s Gold Fields Ltd. provides an example of a reportin a more mature stage of development (see Appendix B).