International Accounting

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The international integrated reporting framework: Five years after the release

Vol. 22, Iss. 5, MAY 2019

Received: 18 March 2019

Received in revised form: 5 April 2019

Accepted: 16 April 2019

Available online: 16 May 2019


JEL Classification: M40, М41

Pages: 500–514

Malinovskaya N.V. Financial University under Government of Russian Federation, Moscow, Russian Federation

Subject The article evaluates how the integrated reporting concept develops worldwide.
Objectives The research is to make interim conclusions on the way integrated reporting has developed for five years since the adoption of International Integrated Reporting Framework. The article aims to inform whether such a reporting model is needed and rapidly develops in global practices.
Methods The research is based on analysis, synthesis, generalization and abstraction.
Results The article refers to the outcome of the Integrated reporting development strategy, which was set up by the International Integrated Reporting Council for the 2014–2017 period. I illustrate how the integrated reporting database influences the dissemination of the advanced practice of disclosure of each substantial aspect in line with fundamental concepts and principles of integrated reporting. The article shows the role of partnering organizations in promoting the integrated reporting concept as the one that meets the current circumstances most of all. I unveil the substance of a new phase of the IIRC strategy and determine the role of the scholarly community in its implementation. The article sets out activities that help raise integrated thinking in corporate governance.
Conclusions and Relevance The integrated reporting concept has passed a serious practical trial. Financial and non-financial information shall undeniably be used to evaluate the value creation. However, further development of integrated reporting shall entail considerable transformations of corporate governance by disseminating integrated thinking.

Keywords: integrated reporting, sustainable development goal, integrated thinking, corporate governance


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