Organizational aspects of integrated reporting preparation according to international standard «Integrated reporting»
Journal Title: Вісник Житомирського державного технологічного університету. Серія: економіка, управління та адміністрування - Year 2016, Vol 78, Issue 4
Abstract
Integrated Reporting is an innovative reporting for business entities, therefore the issue of the organization the preparation of this reporting is an actual. The absence of legislative regulation of integrated reporting at national level of legal documents has greatly affected the issue, because the only document, that specifies the requirements for integrated reporting is the international standard «integrated reporting». The article considers the organizational principles of integrated reporting preparation. Taking into account the requirements of the international standard «integrated reporting», the authors make the attempts to define the basic organizational stages of such reporting, that allows to introduce the integrated reporting in a structured way and logically. It is proposed on the enterprises preparing the integrated reporting to constitute the schedule of the formation of the integrated reporting. In addition, the important thing is to develop the internal policy for determining materiality by the use of the professional judgment. The appropriate internal policy is assigned to disclose the materiality process in an integrated reporting for decision-making on the inclusion or exclusion issues to be understandable for users.
Authors and Affiliations
M. O. Maksymchuk
Keywords
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