Page 1 | Confidential and Proprietary Information
Integrated Reporting
The next frontier?
Mario Abela
International Federa...
Page 2 | Confidential and Proprietary Information
• 2010 IIRC established
– Founding members A4S and GRI supported by IFAC...
Page 3 | Confidential and Proprietary Information
Who is the International Integrated Reporting
Committee?
Regulators
Inve...
Page 4 | Confidential and Proprietary Information
Council (48 members):
– ACCA
– AICPA
– CIMA
– CPA Australia
– ICAEW/GAA
...
Page 5 | Confidential and Proprietary Information
Business
Network
Investor
Network
IIRC Pilot Programme
Page 6 | Confidential and Proprietary Information
0
50
100
150
200
250
300
350
400
UK Company annual report pages - 1850-2...
Page 7 | Confidential and Proprietary Information
Where is value created today?
Page 8 | Confidential and Proprietary Information
Positioning Integrated Reporting
International
standards
Financial
Perfo...
Discussio
n Paper
Prototype
Framewor
k
- Emerging <IR>
Database
- Building the
Business Case for
<IR>
- Background
Papers ...
Page 10 | Confidential and Proprietary Information
The Framework: Guiding Principles
• Strategic focus and future
orientat...
Discussio
n Paper
Prototype
Framewor
k
The Framework journey
ahead • Framework
Development
• Guidance and
Practice
• Thoug...
Page 13 | Confidential and Proprietary Information
• What role should accountants play in <IR>?
– Education
– Preparation
...
www.ifac.org
Integrated Reporting The Next Frontier?
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Integrated Reporting The Next Frontier?

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Inegrated Reporting The Next Frontier presented by Mario Abela, Senior Policy Advisor, Public Policy & Regulations, IFAC, March 11-12, 2014

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Transcript of "Integrated Reporting The Next Frontier?"

  1. 1. Page 1 | Confidential and Proprietary Information Integrated Reporting The next frontier? Mario Abela International Federation of Accountants March 11-12, 2014
  2. 2. Page 2 | Confidential and Proprietary Information • 2010 IIRC established – Founding members A4S and GRI supported by IFAC • 2011 – Corporate entity established – Main offices in London; outreach posts around the globe – Pilot program set up International Integrated Reporting Council Background
  3. 3. Page 3 | Confidential and Proprietary Information Who is the International Integrated Reporting Committee? Regulators Investors Accounting Profession NGO’s Companies Standard Setters
  4. 4. Page 4 | Confidential and Proprietary Information Council (48 members): – ACCA – AICPA – CIMA – CPA Australia – ICAEW/GAA – IASB – IFAC – BDO – Deloitte – E&Y – Grant Thornton – PwC – IIA Non-Council participation: – JICPA – SAICA Involvement of the Profession
  5. 5. Page 5 | Confidential and Proprietary Information Business Network Investor Network IIRC Pilot Programme
  6. 6. Page 6 | Confidential and Proprietary Information 0 50 100 150 200 250 300 350 400 UK Company annual report pages - 1850-2008 'Back end'… Source: Investis Research Why Integrated Reporting: Volume of reports
  7. 7. Page 7 | Confidential and Proprietary Information Where is value created today?
  8. 8. Page 8 | Confidential and Proprietary Information Positioning Integrated Reporting International standards Financial Performance TransparencySustainability Reporting Overall performance story Integrated Reporting INTEGRATED THINKING & MANAGEMENT
  9. 9. Discussio n Paper Prototype Framewor k - Emerging <IR> Database - Building the Business Case for <IR> - Background Papers for <IR> - IIRC Pilot Programme Yearbooks The Framework journey so far… - Basis for Conclusions - Summary of Significant Issues
  10. 10. Page 10 | Confidential and Proprietary Information The Framework: Guiding Principles • Strategic focus and future orientation • Connectivity of information • Stakeholder relationships • Materiality • Conciseness • Reliability and completeness • Consistency and comparability
  11. 11. Discussio n Paper Prototype Framewor k The Framework journey ahead • Framework Development • Guidance and Practice • Thought leadership • Academic community • Databases • Evidence Base
  12. 12. Page 13 | Confidential and Proprietary Information • What role should accountants play in <IR>? – Education – Preparation – Assurance – Standard-setting – Global corporate reporting language The Future Role of the Profession
  13. 13. www.ifac.org

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