Broad Street, Lagos
Following the recommendation by the International Integrated Reporting Council (IIRC), the Association of Chartered Certified Accountants (ACCA) has said its financial statement for 2011 / 2012 has been produced as an integrated report.
ACCA is a member of IIRC’s Pilot Programme for organisations seeking to move to integrated reporting.
Chief Executive, ACCA, Helen Brand said the integrated report was to present a clear and coherent picture of the professional body’s strategic performance.
The IIRC integrated reporting aims to collate the material information about an organisation’s strategy, governance, performance and prospects that reflects the commercial, social and environmental context within which the organisation operates.
“The report gives a fuller explanation around ACCA’s strategic performance in the interests of greater transparency and accountability.
“Its content is based on materiality analysis which identifies the issues of importance to readers of our report, and an evaluation of how we create value for our stakeholders, especially our members,” Brand added.
ACCA President, Dean Westcott also said: “This is a step forward on how we report our annual performance. ACCA has been involved in the work of the IIRC since its inception. This is to strengthen the relevance of corporate reporting to investors and other stakeholders.”