The International Integrated Reporting Council, IIRC, is a powerful, international cross section of leaders from the corporate, investment, accounting, securities, regulatory, academic and standard-setting sectors as well as civil society.
The IIRC was formed in 2010 by The Prince of Wales’ Accounting for Sustainability Project, the Global Reporting Initiative and the International Federation of Accountants.
The development of Integrated Reporting is designed to enhance and consolidate existing reporting practices to move towards a reporting framework that provides the information needed to develop the global economic model to meet the challenges of the 21st century.
Integrated Reporting demonstrates the linkages between an organization’s strategy, governance and financial performance and the social, environmental and economic context within which it operates. By reinforcing these connections, Integrated Reporting can help business to take more sustainable decisions and enable investors and other stakeholders to understand how an organization is really performing.
The American Institute of Certified Public Accountants supports the efforts of the IIRC to develop a globally-accepted framework that companies can use to present a more complete and transparent picture of performance, utilization of resources, and ability to create value over the long-term.
Improved business reporting will contribute significantly to restoring public trust in business, enhancing the confidence of investors and other stakeholders, and ensuring the efficient allocation of all forms of capital in our global economy.
The IIRC issued a Consultation Draft of the International <IR> Framework on April 16, 2013. The Consultation Draft is open for comment until July 15, 2013.