Integrated Reporting in Australia

Running head: INTEGRATED REPORTING IN AUSTRALIA
Integrated Reporting in Australia
Name of the Student
Name of the University
Author’s Note

1INTEGRATED REPORTING IN AUSTRALIA
Table of Contents
Introduction......................................................................................................................................2
Role of IIRC....................................................................................................................................2
Existing and Potential Role of Integrated Reporting.......................................................................4
Analysis of the CPA Report............................................................................................................5
Analysis of Similarities and Differences.........................................................................................7
Requirement [a]...........................................................................................................................7
Requirement [b]...........................................................................................................................8
Requirement [c]...........................................................................................................................8
Requirement [d]...........................................................................................................................9
Compare and Contrast the Intergraded Reports of Four Companies...............................................9
Factors for Explaining the Similarities and Differences................................................................11
Conclusion.....................................................................................................................................12
References......................................................................................................................................13

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Introduction
In today’s business world, Integrated Reporting is considered as a crucial factor. An
integrated report can be regarded as a concise communication report that provides overview
about the strategy, governance, performance and prospects of the business organization for the
purpose of value creation (de Villiers, Rinaldi and Unerman 2014). In this context, it needs to be
mentioned that the main aim behind the development of integrated reporting is the enhancement
of accountability, stewardship and trust along with bringing transparency in the flow of
information for the creation of value. The adoption of the framework of integrated reporting
provides the business organizations with the opportunity to provide the investors with the
information they need for making more effective capital allocation decision that leads to
effective long-term investment returns (Adams 2015). Apart from this, there are many other
advantages of the adoption of integrated reporting for the business entities. In the discussion of
integrated reporting, it is required to mention about the IIRC (The International Integrated
Reporting Council) that helps the business organizations for the correct implementation of
integrated reporting. In Australia, there are many business organizations that have either adopted
the integrated reporting or adopting it. The main aim of this report is to analyze and evaluate the
different dimensions of integrated reporting along with the role of IIRC in the correct adoption
and evaluation of integrated reporting.
Role of IIRC
From the above discussion, it can be observed that IIRC plays an integral part in the
development of integrated reporting in the business organizations. For this reason, there are
certain role of IIRC can be observed. They are discussed below:

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IIRC is considered as a powerful international committee of leaders from different
backgrounds like accounting, corporate, investment, regularly bodies, standard setters and many
others. The IIRC was established in the year of 2010 for the purpose of sustainability reporting
and global reporting initiatives (Abeysekera 2013). The main role of the IIRC involves in
enhancing and consolidating the existing practices for corporate reporting for the development of
one single reporting framework that will help in the process of value creation by providing the
investors with all the required financial as well as non-financial information of the business
organizations. Another major role of IIRC can be seen in the demonstration of the connection
between the strategy, governance, financial performance with the non-financial performance that
is social and environmental performance. By reinforcing this connection, integrated reporting
assists the business organizations in taking more sustainable business decisions so that the
investors and stakeholders become able in understanding the financial as well as non-financial
performance of the entities (Stubbs and Higgins 2014).
In this context, it needs to be mentioned that the IIRC has received the full support of the
American Institute of Certified Public Accountants for the development of a globally-accepted
reporting framework so that the business entities can get the opportunity of presenting more
complete and transparent picture of financial and non-financial performance, optimal resource
utilization and their ability to create value over the long-run (Cheng et al. 2014). For this reason,
it can be said that IIRC plays a significant role in restoring the public trust in the business so that
the confidence of the investors can be enhanced along with other stakeholders and to ensure the
effective allocation of the capita of the firms. One of the major contribution of the IIRC towards
the development of one single reporting framework is the introduction of International Integrated
Reporting Framework on 9 December 2013 and the introduction of this framework have