Relevance of Integrated Reporting in Modern Corporate World

This presentation explores the relevance of integrated reporting (IR) in the modern corporate world. It discusses how IR enhances the way firms think, report, and plan their operations, and its impact on control, strategies, and value creation. The presentation also examines the utilization of the IR framework by private and public organizations and its influence on the business model. References are provided for further reading.

A U T H O R
C O U R S E
I N S T R U C T O R
U N I V E R S I T Y
C I T Y
ACC303 ADVANCE
MANAGEMENT ACCOUNTING
MAJOR ASSIGNMENT QUESTION

Introduction
The latest framework to the corporate reporting
known as the integrated reporting was suggested by
IIRC.
The IR is new but is considered a powerful hint to
corporate reporting; enhancing the manner in which
firm think, report and plan stories of their operations.
A good number of entities are using the IR in
communicating concise, clear, and integrated stories
which demonstrates how all the resources are adding
some value (Moolman, Oberholzer & Steyn 2016).
As a result, the paper assesses relevance of the IR in
modern corporate world..

Relevance of IR in Modern Corporate
World
IR is a process established on an integrated
intelligent, which leads to period integrated
reporting by an entity on value creation over
specific period (Lodh 2018).
The framework expands excellence of financial
information readily accessible to the financial
capital suppliers in empowering more creative and
competent capital allocation.
It also boosts stewardship and responsibility for
different forms of capitals as well as promotes their
interdependencies understanding.
IR moves far beyond the silo technique of
information reporting and gathering towards more
comprehensive examination and presentation of

Whether the IR Framework is Utilised by Significantly
Huge Number of Private and Public Organisations
A good number of public and private firms are already
publishing the IR prior to launch of the new
framework by IIRC. T
hey incorporate several concepts established in the
new framework and clearly demonstrate foundation on
how they create some values.
Besides, IR is gains a lot of tractions very fast in
specific regions across the globe.
For example, in many developed regions like Australia,
the framework is gaining high adoption with a good
number of public and private firms embracing the
model.
Generally, uptake of the IR framework continues

Whether IR Has Had Any Influence on Control and Strategies on
Entity’s Business Model like Strategic Control and Value
Creation
IR has brought about integrated thinking which has
benefited the firms on the way they handle their
operations.
Through IR, organizations have had improved
financial performances.
Besides, IR framework has had significant
influence on organization’s strategic control since
it offer crucial solution to ways in which
organizational board of directors are urged to act
and think.
IR has influenced value creation since it improves
on the quality of the information readily accessible
to the shareholders by combining diverse
constituent of financial reporting in a more

REFERENCES
Fernando, K, Dharmawati, R, Sriani, D, Shauki, ER & Diyanty, V 2017, ‘Does Integrated
Reporting Approach Enhance the Value Relevance of Accounting Information?: Evidence from
Asian Firms’, In 6th International Accounting Conference (IAC 2017). Atlantis Press.
Hoque, ME 2017, ‘Why company should adopt integrated reporting?’, International Journal of
Economics and Financial Issues, 7(1).
Lodh, SC 2018, ‘Conventional accounting in determining an enterprise’s wealth: Sign or
referent – a theoretical discourse for augmentation’, International Journal of Critical
Accounting, Vol. 10, No. 5. pp.341-362.
Loprevite, S, Ricca, B & Rupo, D 2018, ‘Performance sustainability and integrated reporting:
Empirical evidence from mandatory and voluntary adoption contexts’, Sustainability, 10(5),
1351.
Moolman, J, Oberholzer, M & Steyn, M 2016, ‘The effect of integrated reporting on integrated
thinking between risk, opportunity and strategy and the disclosure of risks and opportunities’,
Southern African Business Review, 20(1), 600-627.
Sofian, I & Dumitru, M 2017, ‘The compliance of the integrated reports issued by European
financial companies with the international integrated reporting framework,’ Sustainability,
9(8), 1319.
Villegas, MG 2017, ‘El Reporte Integrado en el sector público: una mirada desde
latinoamérica’, Revista española de control externo, 19(57), 67-92.
Watson, A 2011, ‘Financial information in an integrated report: a forward looking approach’,
Accountancy SA, 14-17.