International forum aims for cohesion in corporate reporting


A new international forum is bringing together key players in corporate reporting to promote more coherence, consistency, and comparability between corporate reporting frameworks, standards, and related requirements.

The Corporate Reporting Dialogue was introduced Tuesday by the International Integrated Reporting Council (IIRC). Along with the IIRC, participants in the Corporate Reporting Dialogue will be:

  • CDP, a not-for-profit international sustainable economy advocate.
  • The Climate Disclosure Standards Board.
  • FASB.
  • The Global Reporting Initiative.
  • The International Accounting Standards Board.
  • The International Public Sector Accounting Standards Board.
  • The International Organization for Standardization.
  • The Sustainability Accounting Standards Board.

Huguette Labelle, the chair of Transparency International and an IIRC council member, will chair the Corporate Reporting Dialogue. She said in a news release that the forum will promote cohesion and efficiency, rebalancing reporting in favor of the reader, and helping to reestablish the connection between a business and its principal stakeholders.

“The corporate reporting landscape is changing,” Labelle said. “For too long, reporting has been fragmented and disconnected from the strategic drivers of value. In an interconnected world, isolated change is insufficient to reflect the complexities of modern business and investment practice.”

The purpose of the Corporate Reporting Dialogue is to strengthen coordination and alignment between key organizations with integrated reporting as the umbrella, IIRC CEO Paul Druckman said in a news release. “The need for this is continuously articulated in my discussions with companies, investors, regulators, and other stakeholders around the world,” he said.

Ken Tysiac ( ) is a JofA senior editor.


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.