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ИД «Финансы и кредит»






International Accounting

Revisiting the International integrated reporting framework: What's new in the version (January 2021)?

Vol. 24, Iss. 7, JULY 2021

Received: 28 June 2021

Received in revised form: 2 July 2021

Accepted: 5 July 2021

Available online: 15 July 2021


JEL Classification: M40, М41

Pages: 728–739


Natal'ya V. MALINOVSKAYA Financial University under Government of Russian Federation, Moscow, Russian Federation


Subject. This article discusses the innovations of the revised International Integrated Reporting Framework.
Objectives. The article aims to highlight the major changes made to the International Integrated Reporting Framework in relation to their revision and assess their impact on integrated reporting practices.
Methods. The study relies upon analysis and synthesis, comparison, generalization, and abstraction.
Results. The article gives the reasons for the need to revise the International Integrated Reporting Framework and explains the essence of the major changes.
Conclusions. The major changes relate to the responsibility for the integrated reporting of corporate governance, the explanation of the term Outcomes when describing the business model, and approaches to disclosure in an integrated report of results information in terms of the impact (positive and negative) on different types of capital. The revised International Integrated Reporting Framework (January 2021) does not contain fundamental changes, while at the same time addressing the urgent terminology and practical problems identified in their application. Their application can improve corporate disclosure practices.

Keywords: integrated reporting, International Integrated Reporting Framework, International Framework <IR> (January 2021)


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ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

Journal current issue

Vol. 24, Iss. 7
July 2021