CA, CMA organize round table consultation on integrated reporting
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Matty Yates |
To place integrated reporting in the DNA of corporate Reporting, the
Institute of Chartered Accountants of Sri Lanka (CA) and the Institute
of Certified Management Accountants of Sri Lanka (CMA) organized a round
table discussion for CEOs and CFOs of leading Sri Lankan business
organisations last week. Prince of Wales Project on Accounting for
Sustainability (A4S) Head of International Network Matty Yates,
presented this topic, while the Sri Lankan experiences on integrated
reporting was presented by Diesel and Motor Engineering PLC Director
Suresh Gooneratne.
The Integrated Reporting Framework created by the International
Integrated Reporting Committee (IIRC) is the first global framework for
integrated reporting. Apart from IIRC, GRI, Prince of Wales project on
Accounting for Sustainability (A4S) are making efforts to popularize the
discipline around the world. IIRC has released a discussion paper titled
"Towards integrated reporting: communicating value in the 21st Century"
seeking views of the stakeholders from all over the world.
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 businesses
to take more sustainable decisions and enable investors and other
stakeholders to understand how an organization is performing. By
addressing the material issues for an organization, an integrated report
should demonstrate in a clear and concise manner an organization's
ability to create and sustain value in the short, medium and longer
term. Integrated reporting supports the creation of long-term
sustainable value by bringing together financial and non-financial
information on areas that are material to an organisation's strategy and
business performance.
Matty Yates has also been invited to share her views in India and
Bangladesh in a series of consultations with stakeholders. |
