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ИД «Финансы и кредит»






International Accounting

Integrated reporting as a new level of corporate reporting development

Vol. 18, Iss. 31, AUGUST 2015

Received: 3 June 2015

Accepted: 22 September 2015

Available online: 22 October 2015


JEL Classification: 

Pages: 47-57

Kalabikhina I.E. Lomonosov Moscow State University, Moscow, Russian Federation

Voloshin D.A. OOO CONECT, Moscow, Russian Federation

Dosikov V.S. Open Economy Centre for Economic Research and Dissemination of Economic Information, Moscow, Russian Federation

Importance As interested users demonstrate a higher need in transparency of corporate performance results, integrated reporting can be regarded as a priority format of corporate reporting. Business sustainability and preservation of investments take the frontline, rather than profit maximization.
     Objectives The research determines the main principles for integrated reporting as an integral part of a contemporary model of corporate reporting.
     Methods We overview and systematize various scientific stances on challenging and disputable aspects of integrated reporting, using methods of analysis, synthesis, comparison, grouping and generalization.
     Conclusions and Relevance Ever growing interest in integrated reporting allows considering it as an absolutely new level of corporate reporting. We indicate types of capital the company used to produce goods and services. Product value building involves tangible and intangible assets that start playing the prevailing role, i.e. corporate reputation, product brand, reporting transparency and confidence of interested users in its quality and integrity. Social responsibility outlines risks; the company is exposed to in relation to the State. Thus it is necessary to correctly identify such risks and reflect them in integrated reporting and describe key business processes. We articulated the conceptual framework of integrated reporting - purpose, objectives, conditions for its successful implementation. We also determined areas for further development of integrated reporting, considering the main specifics of integrated reporting, displayed critical difference between conventional and integrated reporting, and identified basic principles for integrated reporting. The proposed approaches can be useful for the Russian companies.

Keywords: integrated reporting, sustainable development, report, corporate reporting, transparency


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