Tuesday, August 3, 2010

International Integrated Reporting Committee

A new international committee formed by the Prince of Wales’ Accounting for Sustainability Project (A4S) and the Global Reporting Initiative (GRI) will work to integrate the way companies report on strategy, risk, governance, financial performance and sustainability. The International Integrated Reporting Committee (IIRC) includes high-profile members such as the International Accounting Standards Board (IASB), the International Federation of Accountants (IFAC), the Big Four public accounting firms and some of the world’s largest institutional investors and governance organizations. It is the result of a decision made in December 2009 at a meeting of more than 20 organizations to form a committee that would oversee development of an integrated reporting model. (For more information, read the Press Release and visit the Integrated Reporting Committee Website.)