Contemporary Issues of Integrated Reporting in Accounting

Running Head: ACCOUNTING
ACCOUNTING
Name of the Student
Name of the University
Author Note

1ACCOUNTING
Table of Contents
Introduction................................................................................................................................3
Answer to Question 1.................................................................................................................3
Main Contemporary issues of the case...................................................................................3
Answer to Question 2.................................................................................................................4
Existing Reporting Frameworks on Sustainability................................................................4
Answer to Question 3.................................................................................................................6
Differences between IR and these Frameworks.....................................................................6
Answer to Question 4.................................................................................................................7
Overcoming the issues with these Frameworks by IR...........................................................7
Answer to Question 5.................................................................................................................7
Rationale and outcome of the early adoption of IR by the companies..................................7
Answer to Question 6.................................................................................................................8
Theory relevant with IR.........................................................................................................8
Answer to Question 7.................................................................................................................9
Main findings of Prior Research............................................................................................9
Answer to Question 8...............................................................................................................10
Implications of this Research Paper.....................................................................................10
Answer to Question 9...............................................................................................................10
Limitations of this Research Paper......................................................................................10
Answer to Question 10.............................................................................................................11
Reasons for adopting IR in the absence of Regulatory Scrutiny.........................................11

2ACCOUNTING
Conclusion................................................................................................................................12
Reference..................................................................................................................................13

3ACCOUNTING
Introduction
The aim of this report is the research on the accounting as well as the accountability
of the emergence of rapidly changing field of integrated reporting. Integrated reporting is
defined as representation of the company’s performance of financial and non-financial
aspects in the single report. It is the integration of disclosure of environmental and social
aspects as well as financial performance of the company and link of both in one report. There
has been increased development of integrated reporting due to emergence of many challenges
because it’s interpreted and enacted in different ways within the organization1. Hence, under
this report discussion will be based on contemporary issues of this case, identification of the
framework of existing reporting, differences between IR and these frameworks, ways in
which IR overcome the issues with these framework. In addition discussion will be done on
the rationale and outcome of the early adoption of IR by the companies, theory that is
relevant with IR. Further, discussion will also be based on main findings of the prior research,
implications and limitation of the research paper. Lastly, discussion will be done on whether
in the absence of the regulatory scrutiny, reasons of the adoption of IR with the relevant
accounting theory2.
Answer to Question 1
Main Contemporary issues of the case
It has been long history of environmental and social reporting that was reportedby the
disclosure through the annual reports of the companies, which was later disclosed in the
separate report with the variety of the other media. However, due to increased number of
issues for meeting the informational needs of the stakeholders of this separate report has
1 Cheng, Mandy, Wendy Green, Pieter Conradie, Noriyuki Konishi, and Andrea Romi. "The international
integrated reporting framework: key issues and future research opportunities." Journal of International
Financial Management & Accounting 25, no. 1 (2014): 90-119.
2 Dumay, John, Cristiana Bernardi, James Guthrie, and Paola Demartini. "Integrated reporting: a structured
literature review." In Accounting Forum, vol. 40, no. 3, pp. 166-185. Taylor & Francis, 2016.