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Learn about integrated reporting and how it can be used to enhance your reporting to better serve the needs of investors.
Joy Thomas, president and CEO, CPA Canada, hosts Richard Howitt, CEO of the IIRC, at our Global Perspectives on Capitalism and Reporting for the Long-Term event in Toronto.
A host of groups have launched initiatives in recent years to curb short-termism in capital markets and improve corporate reporting to better serve the needs of investors and facilitate long-term investment.
Among the initiatives gaining global traction is the International Integrated Reporting Framework (<IR> Framework) which provides a holistic picture of a company's strategy, governance, performance and prospects for long-term value creation.
Formed in the aftermath of the 2008 financial crisis, the International Integrated Reporting Council (IIRC) and its <IR> Framework focus on filling in the gaps for investors and others on exactly how companies create value over the short, medium and long-term. This means putting strategy and business models front and centre and taking into account important assets, resources and relationships that are not reflected in current financial reporting.
The International Federation of Accountants (IFAC) has stated integrated reporting is the future of corporate reporting. Since its release in 2013, 1,700 companies in 72 countries have adopted the IIRC's <IR> Framework.
The shape of integrated reporting varies depending on where you are in the world. In South Africa, the integrated report is the investor-oriented regulatory report. In Canada, companies are experimenting with elements of the <IR> Framework. Canada's existing continuous disclosure requirements are playing a pivotal role in integrated reporting in Canada. The core ingredients of a good integrated report can be found in Management's Discussion and Analysis (MD&A) and the Annual Information Form (AIF).
The IIRC has prepared a useful FAQ with useful answers to common questions about the implementation of integrated reporting. We encourage you to explore the FAQ and discover how easy it is to embark on an integrated reporting journey.
In this document you will learn all about integrated reporting, including:
May 22, 2019
Explore important emerging technologies in accounting, business and finance at this must-attend conference for senior leaders. Connect with peers, experts and pioneers on best-fit technology solutions for your clients or organization.
July 17, 2019
This webinar, part of CPA Canada's IFRS webinar series, provides you with the most recent updates on matters of interest to Canadian public companies, including key changes to Canadian securities legislation and IFRS standards.
This event has multiple dates and locations. See event details for more information.
Join this hackathon and challenge yourself to harness data and technology to disrupt traditional financial analysis. Gather with diverse and innovative professionals and students. Work in teams and win cash for creative ideas.