Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The International Integrated Reporting Framework is used to accelerate the adoption of integrated reporting across the world with an aim to: Improve the quality of

  1. The International Integrated Reporting Framework is used to accelerate the adoption of integrated reporting across the world with an aim to:

    1. Improve the quality of information available to providers of financial capital to enable a more efficient and productive allocation of capital
    2. Promote a more cohesive and efficient approach to corporate reporting that draws on different reporting strands and communicates the full range of factors that materially affect the ability of an organization to create value over time
    3. Enhance accountability and stewardship for the broad base of capitals (financial, manufactured, intellectual, human, social and relationship, and natural) and promote understanding of their independencies
    4. Support integrated thinking, decision-making and actions that focus on the creation of value over the short, medium and long term.

    Please explain what is the International Integrated Reporting Framework and how it can achieve its 4 aims.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial & Managerial Accounting, 1, 2 Terms (12 Months)

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

14th Edition

133727075X, 9781337270755

More Books

Students also viewed these Accounting questions

Question

licensure as a psychologist in the respective jurisdiction; and

Answered: 1 week ago

Question

Explain the use of the employment interview.

Answered: 1 week ago

Question

Identify environmental factors that affect the selection process.

Answered: 1 week ago