Reporting and thinking in an integrated way -

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

INTEGRATED REPORTING IN AUSTRALIA
Table of Contents
Introduction:...............................................................................................................................2
Discussion:.................................................................................................................................3
Evaluating the role of International Integrated Reporting Committee (IIRC):..........................3
Explaining the roles of integrated reporting with regards to:....................................................4
Comparing the findings of CPA report with the guidelines of integrated reporting:.................5
Explaining and identifying the similarities and differences between........................................7
Comparing the integrated report prepared by four companies:.................................................9
Identifying the factors explaining the similarities or differences identified in the report of
companies:................................................................................................................................11
Conclusion:..............................................................................................................................12
References list:.........................................................................................................................13

INTEGRATED REPORTING IN AUSTRALIA
Introduction:
The paper presents an analysis of significant literature on accounting for explaining
the role of International Integrated Reporting Committee. In addition to this, the evaluation of
importance of integrated reporting is done by referring to the CPA report findings. The
findings of CPA report has been compared with that of the guidelines presented in the
integrated reporting. The distinction and likenesses between the general purpose financial
report and the integrated reporting has been discussed and analyzed. Integrated report of four
companies have been compared for explaining any similarities or difference. These
companies include Truworths International, Eskom, Generali and the Crown estate.
Discussion:
Evaluating the role of International Integrated Reporting Committee (IIRC):
In December, 2013, IIRC was published and the guidelines of the reporting provide
organization platforms that is used to draw on the new concepts. A multiple capital approach
is suggested by the framework with the help of which an organization is able to depict the
total scenario of value creation ability. The mission of IIRC is to promote the thinking as the
norm within the sectors of the mainstream of business so that an integrated reporting can be
established. Integrated reporting helps in providing an efficient and qualitative approach to
the reporting that helps in determining the elements that materially impacts the ability of
organization to create value. Because of improvement in the financial information quality
available to the financial capital providers, the allocation of capital is done effectively and
efficiently by the organizations. Such reporting plays a role in enhancing the stewardship and
accountability of the capital base so that the understanding of the interdependencies can be
promoted. There are three fundamental concepts that is incorporated in the integrated

INTEGRATED REPORTING IN AUSTRALIA
reporting such as categorization of capitals, value creation for organizations and process of
creating value (Hoque 2017).
Explaining the roles of integrated reporting with regards to:
a) Providing crucial information to stakeholders- The information sought by the
stakeholders should be relevant to the work they perform that is different stakeholder seeks
different information from the report. For instance, environmental stakeholders requires the
company to disclosure information about social and environmental performance. On other
hand, financial stakeholders are interest to retrieve information on the risks and material
issues.
b) Stakeholder engagement- The mechanism of the robust stakeholder engagement
enhances the reliability of the information provided by the reporting. Engaging with the
companies directly helps stakeholders in accessing the information. Direct engagement and
stakeholder meetings are considered as direct platform of gaining information. Some
stakeholders such as financial stakeholder engages with the companies directly for discussing
any issues during the reporting session (Sukhari and De Villiers 2019).
c) Comparability of reporting- The research report of CPA has found that it is
difficult to enhance the comparability between the reports published by the entities and the
issue of comparability is exacerbated by the report formats and different data points.
Although, evaluating the financial results over time is the interest of stakeholders such as
investors, they are faced with the issue of comparability as they find it difficult to compare
the reports because of different methodologies, indicators and classification
(Integratedreporting.org 2020).
d) Reporting quality- It has been found from the CAP research report that there is
significant variation in financial reporting quality and many stakeholders complained about