The Problems and Prospects for the Development of Integrated Reporting as a Means of Additional Disclosure of Accounting Information

Анотація

The analysis of global trends in the development of integrated reporting allows to assert that convergence processes are taking place and the transition from competition for the distribution of spheres of influence between key organizations in the field of standards development into establishing a dialogue between them for the purposes of unifying, standardization and consistency between existing reporting concepts is gradually being carried out. On the other hand, there is a tendency to develop integrated reporting taking into account industry specifics, which causes the need to develop industry standards for integrated reporting. The article is aimed at studying the approaches of scholars to the allocation of existing problematic aspects of the implementation of integrated reporting, as well as systematization of perspective directions for the development of integrated reporting based on the analysis of reports of major organizations on the development of integrated reporting standards and the provision of services for the preparation and verification of such reporting. Problematic aspects of the development of integrated reporting are systematized in the context of theoretical-methodological, technical-organizational and institutional directions. These problems of implementation of integrated reporting set general trends in its further development, serving as benchmarks for its improvement. Despite the existence of different views of key global players in the development of integrated reporting standards and the provision of services for the preparation and verification of such reporting on the future prospects for its transformation, the main common trends in the development of integrated reporting are the following: reduction of volumes; digitalization of formation and publication; orientation to different stakeholders (primarily capital providers); expansion of indicators and reporting in terms of achieving targeted values according to these indicators; achieving sustainable development indicators

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