High-quality business reporting provided by a robust and well-functioning accountancy profession composed of competent and capable accounting professionals contributes significantly to a sound global financial structure. Professional accountancy organizations (PAOs) are essential for the sustainability of the accountancy profession. They hold the power to advance society, further national economic growth, and enhance development assistance.
The International Auditing and Assurance Standards Board (IAASB) submitted its response to the International Integrated Reporting Council on their Discussion Papers “Assurance on <IR>." The responses received by the IIRC on this consultation will provide relevant input to the further work of the Integrated Reporting Working Group of the IAASB.
IFAC is a very strong supporter of integrated reporting and has been since the inception of integrated reporting several years ago. In addition to providing resources to the International Integrated Reporting Council (IIRC) as part of the Memorandum of Understanding between IFAC and the IIRC, and being represented on the IIRC Board and Council, IFAC has consistently spoken out on the importance of integrated reporting in transforming the corporate reporting landscape and enhancing the quality and decision-usefulness of information provided by
