Washington, D.C. (July 7, 2011)
––The International Integrated Reporting Committee held a roundtable meeting in New York on Wednesday June 29th
to gather perspectives on integrating governance, environmental and social performance information into organizational financial reporting. The meeting, co-convened by the American Institute of Certified Public Accountants and Ceres, was attended by 50 business leaders from the corporate, investment, standard-setting and regulatory communities.
The roundtable discussions were led by Paul Druckman, executive committee chairman of The Prince’s Accounting for Sustainability Project and co-chairman of the IIRC working group. The roundtable was hosted by Bloomberg L.P. at their New York offices under the auspices of Curtis Ravenel, global head of Bloomberg’s sustainability group. Keynote speakers at the meeting included IIRC member Professor Robert Eccles from Harvard Business School, Chris Davis, director of investor programs at Ceres, and Dina Dublon, an independent director serving on the boards of Accenture, Microsoft and Pepsico.
The New York roundtable is one of a series around the world aimed at exchanging ideas with CPAs and other business leaders, investors, regulators and key stakeholder groups on the concepts and principles of integrated reporting. The IIRC plans to issue a discussion paper for public consultation in the third quarter of 2011.
The IIRC, formed in 2010, is a product of The Prince of Wales Accounting for Sustainability project and the Global Reporting Initiative working together with other organizations to establish an international body to oversee the creation of a generally accepted integrated reporting framework that would connect financial and sustainability reporting.
Media interested in arranging interviews may contact William Roberts, AICPA Director of Media Relations, at firstname.lastname@example.org
, or 202.434.9266.
More information is available online at: http://www.theiirc.org
Ceres leads a national coalition of major investors, environmental organizations and other public interest groups working with companies to address sustainability challenges such as global climate change and water scarcity. Its mission is integrating sustainability into day-to-day business practices for the health of the planet and its people.
The American Institute of Certified Public Accountants (www.aicpa.org
), founded in 1887, is the world’s largest association representing the accounting profession, with nearly 370,000 members in 128 countries. AICPA members represent many areas of practice, including business and industry, public practice, government, education, and consulting; membership is also available to accounting students and CPA candidates.
The AICPA sets ethical standards for the profession and U.S. auditing standards for audits of private companies, non-profit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination.
The AICPA and the Chartered Institute of Management Accountants, based in London, are working together to offer a new credential – the Chartered Global Management Accountant – to advance the knowledge and practice of management accounting worldwide.
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