In such a world, integrated financial reporting has slowly become the bedrock for modern business. This level of integrated reporting, governed by global best practices and guarded by external assurers, promotes transparency, disclosure and trust. Creating opportunity from complexityCreating value is important for all stakeholders, and integrated financial reporting in its essence is centered on value creation. It forces teams to determine the company’s business model, embracing its governance, enterprise risk management, strategy, and internal controls. In ConclusionIntegrated financial reporting isn’t merely a mandatory reporting guideline but a recipe that helps transform businesses year on year as balanced, responsible entities.

Source: The Nation November 11, 2021 19:01 UTC