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Other IFAC’s views detailed in the paper are:
- IFAC’s strong support for the International Integrated Reporting Council and implementation of its Framework;
- that the integrated report can be used as an “umbrella” report for an organization’s broad suite of reports and communications, enabling greater interconnectedness between different reports and recognizing that there is a range of different frameworks and regulations available, and under development;
- the importance of reporting that produces information on which assurance conclusions can be expressed, in accordance with high-quality international assurance standards; and
- the accountancy profession’s significant contribution, and its important role, in developing and implementing enhanced organizational reporting, with professional accountants playing an important role in broad-based organizational reporting arrangements, and in providing assurance.
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.