Internal Code: 1ABCIJ
Task: Essay topic: The recent initiative for the integrated reporting (IR) framework is considered to be a potential way forward towards augmentations if we are to provide a credible short-, mid- and long-term visions of an entity’s impressions on wealth trajectories (Lodh 2018). Corporate Integrated Reporting (IR) initiative by the International Integrated Reporting Council (IIRC) and their recent IR framework (IIRC 2013) could be considered as a potential turning point in developing differing forms of corporate reporting norms including integrating strategic information for ‘financial’, ‘manufactured (infrastructure)’, ‘intellectual’, ‘human (people)’, ‘social and relationship (stakeholders/partners)’ and ‘natural’ capitals. Required: Based on the above arguments, write an essay on the relevance of Integrated Reporting Framework in the contemporary corporate world. In your demonstration you should highlight as to whether IR Framework is used by a wide range of private and public sector organisations in corporate reporting. Also, explain whether integrated reporting has had any influence on strategy and control on organisations business model including value creation and strategic control. You also need to demonstrate as to how six capitals as has been mentioned in the above statement under Integrated Reporting Framework may impact the role of strategic management accounting. The expectation is that a reasonable amount of research articles (academic and professional) are used in the body of the essay. Case Study The topic that relates to the case study assignment is on Integrated Reporting Framework. You are required to investigate one listed company in major stock exchange that is using integrated reporting in its annual report. Instruction for the case study: You are required to down load the annual report of a company which is using integrated reporting. Then, address issues related to integrated reporting and strategic management aspects that are reported. You can attach the relevant section as appendices. (Please note that those will not be counted within the word limit.)
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