In the policy paper, Enhancing organisational reporting: integrated reporting. IFAC summarises how use of integrated reporting can achieve a more coherent corporate reporting system and fulfill the need for a single report that provides a more complete picture of organisations’ ability to create value over time.

IFAC says that the current reporting framework is disparate and can lead to a lack of transparency, which is what stakeholders and analysts frequently criticise.

Integrated reporting is the way to achieve a more coherent corporate reporting system, fulfilling a need for a single report that provides a fuller picture of organisations’ ability to create value. Integrated reporting can be used as an 'umbrella' report for an organisation’s full range of reports and communications, enabling stronger interconnectedness between different reports.

It also stressses the organisation's support for adoption of integrated reporting in line with the objectives of the International Integrated Reporting Council (IIRC).

Key issues covered include:

• how integrated reporting provides decision-useful information beyond traditional financial reporting and financial statements;
• how a reporting organisation can use an integrated report as an umbrella report to enable greater interconnectedness between different reports;
• the importance of reporting that produces information on which assurance conclusions can be expressed, in accordance with high-quality international assurance standards; and
• the role of the accountancy profession in the development and implementation of organizational reporting frameworks.

The IFAC Policy Position Paper 8, Enhancing Organizational Reporting: Integrated Reporting Key is here