Another great article on the emerging reporting framework under IIRC. While the approach moves us into a new environment on statutory reporting I think it would benefit from a closer tie in with the work on intangibles. The potential links are there when you look at the six "capitals" that are discussed.

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Comment by Andrea Gasperini on March 16, 2014 at 7:36am


Hi Nick, this is a really interesting proposal without forgetting also the opinion of the financial analysts who play a fundamental role as “infomediares” in the identification and subsequent valuation of intangible assets in order to give a “correct” value to the companies to limit or at least mitigate the well-known gap between book value and the market value of listed companies, in particular for the “intangible-intensive” companies.

I, and Federica Doni professor at University Bicocca in Milan Italy, are convinced that the gradual adoption of the Integrated Report by listed companies may have positive effects on the activities of financial analysts in regard to an easy acquisition of standardized and comparable information, in particular if these information may be codified by an advanced technical computer language such as XBRL (eXtensible Business Reporting Language).

Equity markets may also be able to give a more correct and realistic price to the companies that adopt the Integrated Report rather than to the ones preparing a traditional annual report.

Last September 26-27, 2013 we have presented the paper at the Copenhagen Business School, Denmark “The integrated report and the financial analysts' perception” about the conclusions of a questionnaire that we submitted to some Italian financial analysts with the objective to evaluate their comments concerning the content and relevance of different categories of information presented in the Integrated Report which includes in addition to financial information, non-financial information, many of which fall into the three dimensions of human, structural and relational capital, about the companies’ ability to create a sustainable value and about the companies’ risks, the ease of access to such information and its presentation.

To read the full paper you can refer to the link:

Comment by Kenan Jarboe on November 7, 2013 at 12:08pm

Nick -- great thanks. Good find.

Some of us worked on this, so there is definitely a receptiveness on the IIRC folks to inputs as they move into implementation.

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