Critical Governance Role of Boards of Directors in Integrated Corporate Reporting

IFAC releases second instalment of integrated reporting assurance series

25 May 2022

To enhance trust in integrated corporate reporting, boards need to oversee the integrity of the integrated report and underlying reporting process. To this end, IFAC has worked in partnership with the Institute of Internal Auditors (IIA) to develop Executing the Board’s Governance Responsibility for Integrated Reporting – the second instalment in IFAC’s integrated reporting assurance series. It highlights how boards execute their accountability responsibility for integrated reporting and integrated reports with the coordination of all lines of governance, and the support of internal auditors.

The IFRS Foundation’s announcement on the future of integrated reporting and the International Integrated Reporting Framework confirms that the International Accounting Standards Board (IASB) and International Sustainability Standards Board (ISSB) will assume responsibility for the Framework from July,” said Kevin Dancey, IFAC CEO. “Within the IFRS Foundation, the Framework will be further developed to help companies prepare an integrated report and support connectivity between the reporting required by the IASB and the ISSB .”