ACCA introduces integrated reporting into its qualification

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Integrated reporting (IR) is a process established on integrated thinking that results in communication, noticeably in a periodic integrated report by an organisation, about sustainable value creation. It is a brief, detailed communication about how organisation's performance, governance and strategy lead to the holistic creation of sustainable value.

This introduction comes as the International Integrated Reporting Council (IIRC) launched its new integrated reporting framework. Chaired by Professor Mervyn King and Paul Druckman, CEO, IIRC is a comprehensive union of firms, investors, regulators, standard setters, the accountancy profession and NGO's.

Forefront of good practice

ACCA's strategic introduction of IR aims to improve the quality of information available by developing a diversified set of skills and supporting decision-making that focuses on the creation of value. "We continue to enhance our syllabus on a regular basis to ensure that ACCA members are at the forefront of good practice," says Allan Hatfield, director of Learning at ACCA.

"The accounting industry needs to be one step ahead. Consider your market, challenge your own processes and never let competitors govern your direction," comments Karen Smal, acting head of ACCA South Africa.

By introducing IR into the syllabus creates an area where professional ACCA affiliates can create long-term value for their firms and demonstrate leadership. Evidently, ACCA's unique core values such as accountability, innovation and opportunity continue to steer the professional body, equipping professionals with understanding and expertise to work in all sectors.