www.sustainabilitysa.org reports that the aim of an integrated report (IR) is to clearly and concisely tell the organization’s stakeholders about the company and its strategy and risks, linking its financial and sustainability performance in a way that gives stakeholders a holistic view of the organisation and its future prospects. #ACCA is the first global accountancy body to introduce integrated reporting into its qualification.
In essence an integrated report is a brief, detailed communication about how organisation’s performance, governance and strategy lead to the holistic creation of sustainable value.
This introduction came soon after the International Integrated Reporting Council (IIRC) www.theiitc.org launched its new integrated reporting framework in December 2013. #IIRC is a comprehensive union of firms, investors, regulators, standard setters, the accountancy profession and NGO’s. The IIRC is the global authority on integrated reporting and is of the notion that vested interest in communication about value creation is crucial to the advancement of corporate reporting. ACCA’s strategic introduction of integrated reporting aims to improve the quality of information available by developing a diversified set of skills and supporting decision-making that focuses on the creation of value.
South African organisations need a carefully planned reporting environment. By introducing #IR into the course outline creates an area where professional ACCA affiliates can create long-term value for their firms and demonstrate leadership for the future. Evidently, ACCA’s unique core values such as accountability, innovation and opportunity continue to steer the professional body, equipping professionals with understanding and expertise to work in all sectors.
Updates on ACCA’s course offering can be viewed at http://bit.ly/1mATxnM
ACCA South Africa