Australia

Details

  • Service: Audit, Accounting Advisory Services, International Financial Reporting Standards (IFRS), Topics, Business Reporting
  • Type: Regulatory update
  • Date: 7/10/2011

IFRS In the Headlines

IFRS In the Headlines
In the Headlines (formerly IFRS Briefing Sheets) provide a timely update on International Financial Reporting Standards (IFRS) developments.

Integrated reporting: Better Business Reporting (2011/31) 

The International Integrated Reporting Committee (IIRC) recently published a discussion paper (DP) Towards Integrated Reporting - Communicating Value in the 21st Century. The objective is to forge a global consensus about the direction in which reporting should evolve.
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Highlights

  • The IIRC is working to develop an integrated reporting model to re-focus the scope of company reporting.
  • The main output is expected to be an 'integrated report' which would be an organisation's primary report.
  • The proposed 'integrated report' would provide more concise, meaningful corporate reporting combining the different strands of reporting into a coherent whole.
  • The objective of the DP is to forge a global consensus about the direction in which reporting should evolve.
IFRS Briefing Sheets - International financial reporting updates