IFAC welcomed the release of the proposed International Integrated Reporting Framework by the IIRC. The Framework is expected to be a critical tool for businesses as they create integrated reports and drive integrated thinking in their organisations.
Integrated reporting is the next step in the evolution of corporate reporting and communications, helping organisations to communicate a clear and candid picture of their performance to investors.
“The accountancy profession plays a vital facilitating role in bringing integrated reporting to more organisations, and the Framework will help guide organisations and professional accountants in this process”, said IFAC President Warren Allen, who is also a member of the IIRC Council. “Feedback from individual accountants and the profession on the proposed Framework is critical.”
IFAC has been a proactive participant in the development of the Framework, and is a co-founder of the IIRC. In addition to Mr Allen serving on the IIRC Council, Ian Ball, former IFAC CEO and current principal advisor, chairs the IIRC Working Group. IFAC also has a staff member who has been seconded to the IIRC on a full-time basis.
The IIRC is asking all stakeholders to provide feedback on the International Integrated Reporting Framework during its public consultation period, which closes on July 15, 2013. The Framework has been released in English but will also be available soon in additional languages.
Press release
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