This report is based on Tweedie and Martinov- Bennie (2015), Integrated Reporting (IR), double-edged from a perspective of critical sustainability, and pointed out three key distinctive goals as well as strategies. The report seeks to have an insight into IR with an application of accounting theory, and discuss the performance of CPA Australia regarding IR. The report will be divided into four parts. Institutional Theory and Stakeholder Theory will be utilized to examine IR practices in the Part I and Part II. By reviewing 2014 IR of CPA Australia, their performance related to the three distinctive goals raised by Tweedie and Martinov-Bennie will be discussed in the Part III and IV.
The reasons of adopting Integrated Reporting---Institutional Theory
IR is considered to “promote a more cohesive and efficient approach to corporate reporting and aims to improve the quality of information available to providers of financial capital to enable a more efficient and productive allocation of capital” (Consultation Draft of the Framework, 2013). As what Eccles and Krzus (2010, p. 3) advised, IR makes it possible to counter integration deficiency that most organisations have. They provide various separate documents, disclosing financial, social and environment responsibilities without linkage. On the other hand, by IR, the report would gain commitment to the environment, social recognition and a more efficient management system (Dragu and Tiron-