Organizing the transition to integrated reporting

Abstract

Subject. This article discusses the organizational aspects of the transition to integrated reporting that organizations need to take into account when implementing this prospective corporate reporting model. Objectives. The article aims to reveal the content of the main stages of development of the plan for the transition to integrated reporting, set out in the Guide of the Value Reporting Foundation, a new global nonprofit organization promoting the concept of integrated reporting and industry-specific sustainability accounting standards, formed as a result of the merger of the International Integrated Reporting Council and the Sustainability Accounting Standards Board. Methods. The research is based on analysis, synthesis, comparison, generalization, and abstraction. Results. The article reveals the content of the main stages of the transition to integrated reporting formation, considers a typical roadmap for the transition to integrated reporting, which can become the basis for organizations to develop an individual plan for the transition to this promising model of corporate reporting, taking into account their unique circumstances. Conclusions. The guide proposed by the Value Reporting Foundation for the transition to integrated reporting is aimed at providing methodological assistance to compilers of a new type of corporate reporting. It summarizes the practical experience of organizations that have implemented the integrated reporting model. It was found that the Value Reporting Foundation's algorithm for the transition to integrated reporting does not contain fundamental innovations in comparison with the proposals previously formulated by Russian scientists. The value of the reviewed guide is that it is presented by the standard-setter of the integrated reporting concept, and it causes greater trust of users, especially those ones who prefer to follow the guidance documents.