THE SEVEN GUIDING PRINCIPLES OF INTEGRATED REPORTING

The Integrated Reporting movement is gaining momentum. Despite this move to embrace Integrated Reporting, many accounting and finance professionals know little about it. In this week's blog we look over the seven Guiding Principles of Integrated Reporting.

Accountingcpd.net Intergrated Reporting Blog

STRATEGIC FOCUS AND FUTURE ORIENTATION

An Integrated Report should provide insight into the organisation's strategy, how it relates to the organisation's ability to create value in the short, medium and long term, and to its use of and affects on the capitals.

CONNECTIVITY OF INFORMATION

An Integrated Report should show a holistic picture of the combination, interrelatedness and dependencies between the factors that affect the organisation's ability to create value over time.

STAKEHOLDER RELATIONSHIPS

An Integrated Report should provide insight into the nature and quality of the organisation's relationships with its key stakeholders, including how and to what extent the organisation understands, takes into account and responds to their legitimate needs and interests.

MATERIALITY

An Integrated Report should disclose information about matters that substantively affect the organisation's ability to create value over the short, medium and long term.

CONCISENESS

An Integrated Report should be concise.

RELIABILITY AND COMPLETENESS

An Integrated Report should include all material matters, both positive and negative, in a balanced way and without material error.

CONSISTENCY AND COMPARABILITY

The information in an Integrated Report should be presented:

a) on a basis that is consistent over time; and

b) in a way that enables comparison with other organisations to the extent it is material to the organisation's own ability to create value over time. 

If you want to find out more about Integrated Reporting click here to see Lisa Weaver's 4hr CPD course.