Formation of information in the integrated reporting system: a study of the current state

Abstract

To date, many issues concerning the process of forming and presenting integrated reporting, its structure and content remain unresolved. The presence of problem areas indicates the importance of further studying the theoretical aspects and practical experience of compiling integrated reporting, showing the ability of an organization to create value in the short, medium and long term. The purpose of the article is to study the current state of information creating and disclosure in integrated reporting in the context of fundamental concepts, guidelines and content elements of the International Integrated Reporting Framework. The object of the study is the public reports of Russian companies published in the National Register of Corporate Non-Financial Reporting. To study the current state of the formation of integrated reporting, an analysis of reports posted in the National Register by industry affiliation was carried out, on the basis of which it was concluded that the largest number of reports are submitted by Russian companies operating in the energy, metallurgical and mining industries. At the same time, the structure and content of the integrated reporting submitted by various companies is very heterogeneous, there are no uniform methodological approaches. The principles of forming reports regulated in the International Framework of Integrated Reporting are not sufficiently observed, which makes it impossible to assess the completeness and reliability of disclosure of information on sustainable development and social responsibility of companies. To determine the directions for improving the indicators of reports, the criteria for evaluating the quality of information presentation in integrated reports of companies are defined. 18 evaluation indicators were identified in accordance with the fundamental concepts, guidelines and content elements established by the International Framework for Integrated Reporting. The evaluation was carried out using a point-rating system by comparing evaluation indicators, on the basis of which reports were identified that most correspond in their content to the concepts and principles of the International Framework for Integrated Reporting. The scientific novelty of the research consists in substantiating theoretical provisions and developing practical recommendations for evaluating the content of integrated reports for compliance with international principles of formation, comparing the indicators of reports of various companies. The practical application of the developed approaches in the preparation and presentation of integrated reporting will allow companies to form reliable and complete information, to compare both in the time range within the organization and with other businesses of a similar profile.

Keywords

• integrated reporting
• content
• quality
• rating score