Enhancing Organizational Reporting: Integrated Reporting Key

Integrated reporting is the way to achieve a more coherent corporate reporting system, fulfilling a need for a single report that provides a fuller picture of organizations’ ability to create value. Integrated reporting can be used as an “umbrella” report for an organization’s broad suite of reports and communications, enabling greater interconnectedness between different reports. IFAC also strongly supports the International Integrated Reporting Council and the implementation of its Framework.

This position paper addresses reporting that provides decision-useful information to organizational stakeholders beyond that which is provided in traditional financial reporting and financial statements, and may provide important links between that financial reporting and other organizational reporting. This updated edition of the paper includes a new section, “A Coherent Corporate Reporting System with Integrated Reporting”, which describes integrated reporting in more detail and the connection to integrated thinking as a foundation.