Accountants could be asked to sign off financial reports on companies’ social, environmental and human capital under a proposal for integrated reporting that could change the way businesses report on their activities.
The International Integrated Reporting Council has published a draft reporting framework for consultation. The framework, which is being tested by more than 80 global companies including Unilever, Coca Cola, Tata and HSBC, is intended to give investors and shareholders a broader picture of how companies make their money and their prospects in the short, medium and long term.
Supporters of the new approach argue...
About Nick Huber
I’m a specialist business journalist and have a particular interest in tax and technology.