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Integrated Reporting <IR> (Content Elements (Organisational…
Integrated Reporting
<IR>
Legal Status of <IR> in India
Feb 2017
SEBI advised top 500 companies
to adopt <IR> on voluntary basis from FY 17-18
History
Introduced in South Africa
2010
Prince of Wales established IIRC
2013
Mandatory in UK after MoU signed
btw IIRC and IASB
Objective
To communicate
Strategy
Governance
Performance
Prospects
To help investors judge value creation of co.
Short Term
Medium Term
Long Term
Features
Principle Based Approach
Targets Pvt Sector
Identifiable Communication
Financial and Non Financial Items
Value Creation
Fit with Local Laws
Capital Classification
Financial
Manufactured
Intellectual
Human
Social & Relationship
Natural
Guiding Principles for Preparation and Presentation
Strategic Focus and Future Orientation
Connectivity of Information
Stakeholder Relationships
Materiality
Conciseness
Reliability and Completeness
Consistency and Comparability
Content Elements
Organisational Overview and External Environment
Governance
Business Model
Risks and Opportunities
Strategy and Resource Allocation
Performance
Outlook
Basis of Preparation and Presentation