Development of the integrated reporting concept in the Russian Federation: theory, practice, training experience, innovations, problems

Abstract

The issues of improving the preparation and presentation (including public assurance and, possibly, audit) of public corporate reports are dealt with by both companies themselves and researchers, as well as professional communities and public organizations; in this paper we are talking about the theoretical aspects and practice of compiling various public non-financial reports by Russian companies, about innovations in the processes of their preparation, as well as about problematic issues that need to be addressed. In the Russian Federation (as well as in other countries), the process of compiling corporate integrated reports is still voluntary, however, there are all prerequisites, as well as the needs and expectations of stakeholders of large Russian companies to make this process mandatory. The authors provide a list of innovations in the field of regulatory regulation of the formation and presentation of integrated (non-financial) reporting, analyze the problems arising on this issue, as well as a number of related problems that have not yet allowed integrated reporting (or, as it was called in the decree of the Government of the Russian Federation dated May 5, 2017 No. 876-r,– public non-financial reporting) to be transferred to the category of mandatory corporate reports.