| Pub. Date | : April, 2022 |
|---|---|
| Product Name | : The IUP Journal of Accounting Research and Audit Practices |
| Product Type | : Article |
| Product Code | : IJARAP010422 |
| Author Name | :Ekta Kumawat*, Shilpa Lodha** and G Soral*** |
| Availability | : YES |
| Subject/Domain | : Finance |
| Download Format | : PDF Format |
| No. of Pages | : 14 |
Integrated Reporting (IR) is an innovative concept to evaluate an organization's strategy, governance, performance and prospects. It combines financial, nonfinancial and other value-relevant information into a single report. The paper investigates IR practices of selected companies to explore the differences with the theoretical framework. For the purpose of the research, 90 companies were selected for the study period, i.e., 2014 to 2018. A disclosure index was built based on the content elements of the IR framework to determine the items disclosed. The results indicate that there was variation for 'organizational overview and external environment', 'risk and opportunities', 'governance' and 'basis of preparation', while there was no variation for 'business model', 'strategy and resource allocation' 'performance' and 'future outlook' to IR framework.
Integrated Reporting (IR) is the latest development in corporate reporting reform in order to overcome the existing shrotcomings. Traditional reports merely concentrate on financial information, whereas IR deals with financial, nonfinancial and other value relevant information of the organization. Nowadays, leading investors require information regarding business model, strategy, governance, resources and capital allocation of an organization during investment decision, which can be delivered by IR. Since the launch of the International IR Council (IIRC) in 2010, IR has gained rapid momentum. In August 2010, the International Federation of Accountants (IFAC), the Global Reporting Initiative (GRI) and the Prince of