ACCM4600 : Accounting Theory and Contemporary Issues - Focusing on Integrated Reporting - Accounting and Finance Assignment Help

Assignment Task :

Your Task 

1) Prepare to write a business report by following the instructions given below 

2) Write the final business report by following the instructions given below 

Assessment Description 

You have just secured a job as a graduate accountant at an established accounting firm. You  have been asked to write a report including information necessary to determine whether and to  what extent they should engage with ‘Integrated Reporting’ with a view to providing clients advice  in this area. The partners are aware that integrated reporting is a growing area of interest but  some are unsure of what it really means or how to go about using it to help their clients.  

The partners have varying opinions on the matter. One of the partners, Elaine Paige, is  particularly keen on the idea and believes that it would give them a competitive advantage,  enable them to be seen as a rounded “full-service” practice and that it is an important way for  them to make a real, positive contribution to clients’ businesses and the broader community of  stakeholders.  

Another partner Barbara Dickson thinks it could be an expensive exercise that would add little to  the success of the practice. He believes that the practice should focus on its core businesses of  tax, auditing and advisory services and not worry about “gimmicks”. He said “This is just a fad  that will disappear in a few years, and we should not waste resources investing in it”.  

The partners want recommendations that they can discuss at their next board meeting. The  board includes lawyers and other specialists (non-accountants) as well as the partners  (accountants). They have requested you to make sure that your report contains (but is not  necessarily restricted to) advice or responses to the following aspects:  

1. The background to and meaning of integrated reporting.  

2. Arguments for and against focusing on integrated reporting; What are the costs and benefits of  doing so? 

3. Assuming integrated reporting is chosen as a viable option - How should this new area be  marketed to clients? What exactly are the types of services that might be offered; What are the  type of skills and training the staff employed in it would require?  

4. Should the accounting practice consider embedding integrated reporting policies more firmly in  its own business? (as well as advising clients on the issue) Explain your reasoning.  

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