The advent of the internet forced companies to update the way they shared financial information – however, their new websites didn’t merely replace paper reports in the post, they became an entirely new vehicle for communications. The new form shaped the way we consumed the content – and with the information age once again reshaping […]
By the end of 2019 Indonesia aims to better integrate nation-wide financial reporting, strengthening the coordination between different financial services with an initiative that will mandate digital reporting and data sharing.
How can Integrated Reporting (IR) reach its potential? Nick Shepherd, a Council member at the UK based Maturity Institute where he leads their work on Integrated Reporting, explores this question in an article on Economia this week. IR is a fast-growing field, with increasing numbers of organisations choosing to voluntarily disclose broader metrics. But is […]
Prof. Mervyn King asks whether new metrics for quantifying relationships could improve corporate behaviour and enhance levels of trust around the world.
The Integrated Reporting consortium reports this week that IFAC has issued a strong statement of support for the <IR> methodology and that SEBI, the Indian corporate regulator, has announced that the largest 500 companies in that country are encouraged to issue Integrated Reports in order to meet their new mandatory Business Responsibility Report (BRR) requirements. Integrated Reporting […]
Malaysian Deputy Trade Minister Datuk Chua Tee Yong called for the adoption of Integrated Reporting by businesses in that country.
Delegates at the International Standards of Accounting and Reporting workshop as part of the UNCTAD World Investment Forum were briefed on the benefits of XBRL in Geneva this week.The program highlighted how to address challenges in corporate reporting, social responsibility, environment protection, and corporate governance. XII Best Practices Chair Ian Hicks offered his perspective on how XBRL supports […]
Read a series of articles from South Africa’s Business Day Live on the state of Integrated Reporting in that country, including XBRL, the use of which Tiani Annandale, senior consultant at Cortell Corporate Performance Management, sees as essential for any multi-national in South Africa. Read the Articles. http://www.istockphoto.com/photo/two-businessmen-shaking-hands-with-flag-of-south-africa-38225294?st=bf8fcdf
The XBRL International Best Practices Board (BPB) has coordinated and prepared comments on the Integrated Reporting Framework Consultation Draft (CD). Read the XII IIRC Response. The Framework provides businesses for a way to report how an organization’s strategy, governance, performance and prospects lead to the creation of value over the short, medium and long term. http://www.istockphoto.com/photo/close-up-of-financial-graph-25879786?st=887cb4c
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
