The International Integrated Reporting Council (IIRC) has published revisions to the International IR Framework to enable enhanced reporting.
These revisions are the first since the IR Framework was originally published in 2013 and are the result of an extensive market consultation with included 1,470 individuals in 55 jurisdictions.
The consultation showed that while the IR Framework is still fit for purpose, it identified the IR Framework panel of opportunities to clarify concepts, simplify guidance for report preparers and underpin better quality integrated reports.
The revisions focus on:
A simplification of the required statement of responsibility for the integrated report
Improved insight into the quality and integrity of the underlying reporting process
A clearer distinction between outputs and outcomes
a greater emphasis on the balanced reporting of outcomes and value preservation and erosion scenarios.
Read more at the International Accounting Bulletin here