Integrated reporting quality and its characteristics

Abstract

The article examines the quality of integrated reporting. Integrated reporting is a form of corporate reporting that presents value creation information for all stakeholders, including financial, non-financial, environmental, social and management information. This form of the report allows you to understand the relationships between financial and non-financial factors of the enterprise’s performance, which create additional value. Research shows that integrated reporting improves the information environment of companies, increases their market value, and mitigates information asymmetry between internal and external reporting users. In 2013, the International Board of Integrated Reporting was created to define the fundamental concepts and principles of the formation of an integrated report, as well as to assess its quality. Currently, about 500 companies around the world publish an integrated report in accordance with the recommendations of the International Council for Integrated Reporting. The structure of corporate governance and corporate organization practices help form a holistic view of strategy development, which leads to the integration of various aspects of enterprise value creation, as well as to increasing added value and presenting quality information through integrated reporting. The article provides criteria for evaluating the quality of integrated reporting. The specified criteria are considered by the International Board of Integrated Reporting as mandatory requirements. Disclosure of quality information through integrated reporting provides an opportunity to objectively assess the results and prospects of the enterprise's development, the impact of its activities on the environment and society.

Keywords

• integrated reporting
• information quality
• management
• corporate social responsibility
• sustainability