Integrated Reporting: Importance, Purpose, Benefits and Guiding Principles

Running head: INTEGRATED REPORTING
INTEGRATED REPORTING
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Author Note

1INTEGRATED REPORTING
Executive Summary
The given report throws light on the concept of integrated reporting. With the rise in scandals
and other related aspects of the businesses, the stakeholders seemed to be having losing their
trust from the organizational activities. For this purpose the Reporting board came up with an
integrated reporting format for organizations which would help them in portraying financial and
non financial information about the organization as well. The report follows a structured format
whereby an introduction is followed by the meaning and importance of integrated reporting. The
guiding principles of conciseness and shareholder relationship have been used to determine
whether the reports reflect transparency or not. The example of Iluka Resource Limited has been
used.

2INTEGRATED REPORTING
Table of Contents
Introduction and Overview..............................................................................................................3
Importance, purpose, and benefits of Integrated Reporting............................................................3
Guiding Principles of Conciseness and Stakeholder relationship uses to achieve the main purpose
of IR.................................................................................................................................................6
Analysis of Company report............................................................................................................8
Conclusion.......................................................................................................................................8
References......................................................................................................................................10

3INTEGRATED REPORTING
Introduction and Overview
With companies becoming more advanced and the advent of technology, the shareholders
and investors have become more conscious about the working of the organizations and the
employment of their money in the organization. The given report will reflect upon the
importance of integrated reporting and the primary purpose of it. The key benefits of the
integrated reporting will also be discussed along with reference to the guiding principles in
enhancing the reporting format (de Villiers, Rinaldi and Unerman 2014). As a practical example,
the annual reports of Iluka Resource Limited will be analyzed to see to it whether the
organization is successful in portraying an integrated reporting or not.
Importance, purpose, and benefits of Integrated Reporting
Integrated Reporting can be described as an integral coalition of companies, investors and
regulators, accounting professionals and various nongovernmental organizations which aims to
inculcate an environment of better communication and creation of value. The given concept is a
revolution in the field of corporate reporting. Integrated reporting not only involves reporting the
financial aspects of an organization in an organization but involving the non-financial aspects as
well.
Purpose of IR:
The primary purpose of Integrated Reporting is to build on developments in reporting in
order to incorporate a holistic form of reporting with respect to the value created by a business.
This new reporting style would also reflect upon the non-financial resources which include social