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->Intext Citation ->no. words between 800 to 900 -> Related Reference link1. https://integratedreporting.org/resource/international-ir-framework/...

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->Intext Citation
->no. words between 800 to 900
-> Related Reference link1. https://integratedreporting.org/resource/international-ir-framework/
2.https://www.cpaaustralia.com.au/professional-resources/esg/integrated-reporting
Answered Same Day Nov 21, 2021

Solution

Rochak answered on Nov 21 2021
130 Votes
Answer a:
In the field of reporting changes are very frequent due to the changes in the regulatory requirements as well as the changes in the operating environment of the businesses, and this is one of the reason for the development of “Integrated Reporting”, which has been developed by the IIRC (International Integrated Reporting Council), which is not like other organizations or councils, this council is formed by a global coalition of the regulators of various countries who are looking to make reporting more seamless, investors, professionals (accountants), and also the non-governmental organization (ACCA, 2020).
Integrated reporting as defined by the IIRC is a process which focuses on integrated thinking over the course of running a business for the organization to create value and also communicate regarding the process which is used for the value creation (ACCA, 2020).
The report which is prepared which is called ‘Integrated Report[footnoteRef:1]” is a very concise and crisp report which is prepared by an organization for communicating how the organization strategy, governance, and various other factors in the context of external environment will create value for the organization, country, and its shareholders. [1: https:
www.integratedreporting.org/]
The benefits of integrated reporting are as follows:
· Clearly describing the strategies which are used by the organization
· Identification of the risk and opportunities are done in a better way to communicate it to the potential investors for them to make better investment decision
· With the identification of the risk and opportunities the companies can do better capital allocation for the creation of long-term value
· The internal process which used to be very vague earlier because of less transparency is eliminated because now the transparency is increased and therefor the understanding of the...
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