CIMA F1 Syllabus A. Regulatory Environment Of Financial Reporting - International Integrated Reporting Council (IIRC) - Notes ^{7 / 8}

International Integrated Reporting Council (IIRC)

This is a global coalition of regulators, investors, companies, standard setters, the accounting profession and NGOs. 

It is about value creation as the next step in the evolution of corporate reporting.

• Mission

  To establish integrated reporting and thinking within mainstream business practice as the norm in the public and private sectors.

• Vision

  To align capital allocation and corporate behaviour to wider goals of financial stability and sustainable development through the cycle of integrated reporting and thinking.

• The Momentum Phase

  The IIRC’s is in the Momentum Phase of its strategy, delivering accelerated action towards the goal of integrated thinking and reporting to be the global norm 

  The objective for this phase is to change the corporate reporting system so that integrated reporting becomes the global norm.