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In the CICA research report, Using the Internet in Corporate Reporting: Practical Guidance for Effective Communications with Stakeholders, the study group concludes that “The key to integrated reporting is Internet utilization serving as a platform to provide more detailed data than what is available only in hardcopy. In leveraging the Internet, users gain the ability to perform their own analysis of financial and non-financial data, as well as communicate their thoughts and opinions with investors and other stakeholders.” The study group is encouraged by the recent creation of an International Integrated Reporting Committee (IIRC). The IIRC comprises members such as the International Accounting Standards Board, the International Federation of Accountants, the Big Four public accounting firms and some of the world’s largest institutional investors and governance organizations. It will oversee the development of an integrated model for reporting on strategy, risk, governance, financial performance and sustainability. Accordingly, the study group recommends that the CICA collaborate with other accounting bodies in the Global Accounting Alliance to spark global innovation on using the Internet in integrated corporate reporting. This is Part 4 of a multi-part series on the key messages contained in this new CICA research report (also refer to Part 1, Part 2 and Part 3).
