ACCA to hold workshop for CEOs, CFOs on integrated reporting

Wednesday, 13 February 2013 00:01 -     - {{hitsCtrl.values.hits}}

Integrated Reporting (IR) has today become the DNA of corporate reporting. It demonstrates the linkages between an organisation’s strategy, governance and financial performance and the social, environmental and economic context within which it operates.

By reinforcing these connections, IR can help businesses to take more sustainable decisions and enable investors and other stakeholders to understand how an organization is performing.

With this subject matter being an important aspect of today’s businesses, the Association of Chartered Accountants (ACCA) will be organising a workshop for the CEOs/CFOs of leading Sri Lankan business organisation’s on 20 February 2013, at the Cinnamon Grand on this topic.

The key speaker of the occasion is KPMG India Sustainability and Climate Change Technical Director Santhosh Jayaraman. He is also a member of the Standards committee at Accountability UK and a Working Group Member for the development of GRI G4 guidelines 2012.

This session is aimed at introducing the concept of integrated reporting and to educate the participants about the international initiative around the integrated reporting framework development.

The topics will cover up on the business case for IR, introduction to IR and prototype framework for IR.

ACCA believes that discussions of this nature in addressing the material issues for an organisation, will help them realise the value of IR and how it should demonstrate in a clear and concise manner an organisation’s ability to create and sustain value in the short, medium and longer term.

ACCA Sri Lanka Head Nilusha Ranasinghe stated, “IR is catching on across all sectors, and organisations are already adopting the practice and taking the satisfaction of knowing that they are setting the standard for a movement that will become mainstream much sooner than later.

“We as the global body for professional accountants will continue to be an endorser of such initiatives and do our bit to support organisations to create long-term sustainable value by bringing together financial and non-financial information on areas that are material to an organisation’s strategy and business performance.”