Integrated Reporting: A New Accounting Disclosure by Chiara Mio

By Chiara Mio

This e-book is a well timed addition to the fast-growing foreign debate on built-in Reporting, which bargains a holistic view of the evolution and perform of built-in Reporting. The booklet covers the determinants and effects of built-in Reporting, in addition to analyzing probably the most proper matters (particularly within the context of the USA) within the debate approximately built-in Reporting.

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Extra info for Integrated Reporting: A New Accounting Disclosure

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2014). 8 C. Mio According to PWC (2012), “defining the business model in the context of integrated reporting means considering all the relevant capitals on which performance depends, and explaining their role in how the company seeks to create and sustain value” (PWC 2012, p. 11). A clear definition of the business model is fundamental in communicating externally how the company produces value. At the same time, it forces companies to review their own business model, potentially allowing for relevant “internal” benefits.

Mio According to PWC (2012), “defining the business model in the context of integrated reporting means considering all the relevant capitals on which performance depends, and explaining their role in how the company seeks to create and sustain value” (PWC 2012, p. 11). A clear definition of the business model is fundamental in communicating externally how the company produces value. At the same time, it forces companies to review their own business model, potentially allowing for relevant “internal” benefits.

The latter is a striking difference that strengthens the diversity between IR and sustainability reporting, suggesting that IR is an evolution of financial rather than sustainability reporting. Such a difference in approach is even more pronounced if we consider that it is not possible to identify a 1 to 1 relationship between capitals and stakeholders. The same stakeholder has an impact on different capitals, and IR requires organizations to focus on the latter. Stakeholders maintain a fundamental role in IR, because the concept of capitals itself derives from the consideration that the organization deals with different subjects, each of which influence and are influenced by the organization.

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