Integrated Reporting And Its Impact On International Recognition

1213 WordsDec 26, 20155 Pages
Integrated Reporting Introduction Integrated reporting is a new method to focus on various aspects of an organizing and can be rapidly gained international recognition. In this paper, I will focus on its definition, function, effect, valuation and framework. A. Definition and Explanation According to the International Integrated Reporting Council (IIRC), the Integrated reporting () is defined as “is a process founded on integrated thinking that results in a periodic integrated report by an organization about value creation over time and related communications regarding aspects of value creation. An integrated report is a concise communication about how an organization’s strategy, governance, performance and prospects, in the context of its external environment, lead to the creation of value in the short, medium and long term.” (Integratedreporting n.d.) The primary requirement of integrated reporting is treat value as beyond financial terms - a non-current overdue development offer that approximates 80% of organization is typically in intangible assets. Unlikely methods of long term success that connecting firm relationships with stakeholders, building a base of loyal customers and dealing with environmental risk, etc., integrated reporting keeps analyzing non-current strategy and predicting documents, including strategy, the environment in which it would deliver and how the organization has and will. The International Integrated Reporting Framework acknowledges that
Open Document