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Integrated Accounting Reporting

Author: Moe Harrison /Tuesday, November 08, 2016/Categories: SNI Companies, SNI Financial, Financial Staffing, For Job Seekers, For Employers, Industry Trends, SNI Certes, Financial Staffing, For Job Seekers, For Employers, Industry Trends, Accounting Now

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The International Integrated Reporting Council (IIRC) calls integrated reporting, “a process that results in communication by an organization, most visibly a periodic integrated report, about how an organization’s strategy, governance, performance, and prospects lead to the creation of value over the short, medium and long-term”.

That’s a mouthful! Think of integrated reporting as an enhancement which presents additional information. 

Areas where additional information is covered:

Company strategy

  • Governance
  • Performance
  • Stewardship
  • Value Creation

Ideally, integrated reporting builds upon an existing financial reporting model.

One of the goals of integrated reporting is to meet the informational needs of stakeholders who are asking companies to provide clear information on drivers that affect business performance.

Some of the areas of additional informational needs may be:

  • Political
  • Regulatory
  • Social
  • Environmental
  • Risk
  • Changing business models

In response to these stakeholder demands the IIRC is developing an integrated reporting template.

PWC reports that companies embarking on the integrated reporting journey view it as a change process enabling them to think differently about their businesses. Among the benefits they’ve realized:

  • Strengthened financial reporting across business activities
  • Enhanced internal collaboration
  • Increased internal and external communications.

Look for more discussion and adoption of integrated reporting in the coming months.

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Moe Harrison
Moe Harrison

Moe Harrison

Moe Harrison is a Regional Vice President with SNI. With more than 15 years’ experience in recruiting and personnel management, Moe has a unique perspective on the top issues and concerns of employers and candidates in the accounting and finance fields.

Other posts by Moe Harrison
Contact author Full biography

Full biography

Moe Harrison is a Regional Vice President with SNI. With more than 15 years’ experience in recruiting and personnel management, Moe has a unique perspective on the top issues and concerns of employers and candidates in the accounting and finance fields.

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