Integrated reporting accounting assignment

Integrated Reporting 1
INTEGRATED REPORTING
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Integrated Reporting 2
Abstract
The report aims to present analysis of some of the role played by IIRC based on the IIRC
guiding principles. It was found that IIRC brings together different representatives from
investment, regulatory, corporate, accounting, academic, securities, as well as standard
setters. Furthermore, IIRC was found to play a crucial role in promoting communication on
creating and in establishing integrated thinking and reporting in mainstream business
operations as norm in private and public sectors. Besides, IIRC was found to helps in aligning
corporate behaviours and capital allocation to the wider objectives of the sustainable
development and financial stability through integrated thinking and reporting. Additionally,
IIRC is said to play a crucial role in creation of IR framework as well as in market testing to
early adoption and development of firms across the globe. It also offer more efficient and
cohesive methodology to the corporate reporting which draws on numerous reporting
elements and connects wide range of the aspects that affect materiality of a given firm on
value. On overall, the CPA findings and IIRC guiding principles are said to have similar
opinion on the role of IR.

Integrated Reporting 3
Integrated Reporting in Australia
Introduction
The report aims to present analysis of some of the role played by IIRC based on the IIRC
guiding principles. The report also presents analysis of some of the role of integrated
reporting as provided by CPA report based on provision of relevant information to the
stakeholders, enhancement of stakeholders’ engagement, quality of reporting, users of the
reporting, usefulness of the reporting, quality of the reporting as well as comparability of the
reporting. Also the report presents comparison and contrast of the CPA report findings and
the IIRC guiding principles on shareholders’ relationship, materiality, reliability and
completeness as well as comparability and consistency. The paper is then wrapped up with
analysis of four companies listed in ASX based on their materiality, shareholders’
relationship, and so forth.
1. Role of IIRC
According to IIRC (2017), IIRC is the global coalition of the potential and existing investors,
standard setters, regulators, NGOs, organizations and accounting profession (de Villiers,
Rinaldi and Unerman 2014). In other words, IIRC is the global non-profit making firm
incorporated in Wales and England. It embodies common, shared interest of the global
coalition of different firms in adoption of the IR framework on international basis as the
means of improving communication on creation of value, advance evolution of the corporate
reporting as well as in making lasting contribution of the sustainable development as well as
financial stability (IIRC 2017). It comprises of different firms drawn from the wider global
communities including firms and other reporting organizations, financial providers,
regulators and policy makers, accounting profession, standard setters and reporting

Integrated Reporting 4
framework developers. IIRC usually recognizes that numerous firms assist in supporting the
global adoption of the IR framework via endorsement, profile-raising and advocacy in their
networks. To be more specific, IIRC brings together different representatives from
investment, regulatory, corporate, accounting, academic, securities, as well as standard setters
(García-Sánchez and Noguera-Gámez 2017).
This coalition is said to play a crucial role in endorsing announcement on creating value.
Furthermore, IIRC play a crucial role in establishing integrated thinking and reporting in
mainstream business operations as norm in private and public sectors (IIRC 2017). Besides,
the IIRC helps in aligning corporate behaviours and capital allocation to the wider objectives
of the sustainable development and financial stability through integrated thinking and
reporting. Additionally, IIRC is said to play a significant function in creation of IR
framework and in the market testing to timely implementation and expansion of firms across
the globe. This helps the coalition to accomplish eloquent move towards the timely enactment
of IR structure. In other words, the main role of IIRC is to develop an internationally
recognized IR framework which is aimed at creating foundation for new reporting technique
to enhance firms in offering concise communication on value creation (Brown and Dillard,
2014).
2. Roles of IR Based on the Findings of CPA Report
IR is the procedure based on the integrated thinking which brings about intervallic report by
specific firm on value creation and related communication on some of the facets of the value
creation. Besides, integrated reporting is the abridged communication on how a given firm’s
governance, prospects, strategy and performance results in value creation in the long, short
and medium term (Brown and Dillard, 2014).