Insights into integrated reporting 3.0: The drive for authenticity report from ACCA identifies importance of integrated reporting, and the barriers it faces.
ACCA’s third annual integrated reporting study reveals how 10 out of 48 companies profiled around the world strive for authenticity in their integrated reports, and how the financial sector is leading the global adoption of integrated reporting.
Compared to previous years, this year’s study reveals integrated reports are becoming more concise and include advanced assurance, however concerns were raised that positive performances were reported more prominently than negative performance.
Yen-Pei Chen, corporate reporting manager, says the research highlights the importance of authenticity – which includes presenting information in a balanced way without bias, reporting in a transparent way about missed performance targets and future challenges, and providing a complete picture of how an organisation creates value over time.
She said: ‘There is often a reluctance among executives to make claims that are too ambitious before the desired levels of performance have been achieved. However, in these times of low corporate trust, authenticity - being honest about the organisation's mistakes and challenges - is increasingly important for the credibility of integrated reports.
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