Relevance of Integrated Reporting in Modern Corporate World

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