1. Lucky Dairys directors have been reviewing the International Integrated Reporting Councils Framework for Integrated Reporting. The directors believe that International Financial Reporting Standards are already extensive and provide stakeholders with a comprehensive understanding of an entitys financial position and performance for the year. In particular, statements of cash flow enable stakeholders to assess the liquidity, solvency and financial adaptability of a business. They are concerned that any additional disclosures could be excessive and obscure the most useful information within a set of financial statements. They are therefore unsure as to the rationale for the implementation of a separate, or combined, integrated report. Required: Discuss the extent to which statements of cash flow provide stakeholders with useful information about an entity and whether this information would be improved by the entity introducing and Integrated Report.