Question

What are the various attributes of integrated reporting which produce a conducive environment for a stakeholder orientation to corporate reporting to flourish

Answer 1

Corporate reporting is a system of communication between the management and other stakeholders involved to get the idea and report on the business activities of a corporate enterprise. It also demonstrate the credibility, accountability as well as reliability of the company.

The various attributes are:

1) Relevancy: Any reporting must have the relevant information according to the business. Because it aid stakeholders in their decision making and engagement

2) Verifiable: The report have to be verifiable and every time the single and same result will come.

3) Timeliness: Avoiding delays in decision making and thereby quickly engaging the stakeholders.

4) Understandability: Engagement is based on how the other person is interested and getting your point. This is very important aspect on the orientation day.

5) Completeness: The information which is reasonably needed must be reported in order to fulfill the other qualitative objectives requirements.

6) Risk and opportunities: The potential risks and opportunities involved must be discussed in the report to build the faith and trust for the engagement.