This report discusses the major benefits and limitations of integrated reporting in business entities. It highlights the process of value creation in the organizations and how IR helps in the communication of the needs of different stakeholders. The implementation of IR helps the business entities in understanding not only the financial capital of the companies, but it helps in gaining understanding about the other capitals for their better management. The report also discusses the limitations of IR, including high cost, higher amount of work, lack of conciseness, and inexperienced workforce.