Students will be examined on integrated reporting (<IR>) for the first time in the accountancy profession when ACCA (the Association of Chartered Certified Accountants) introduces it into its qualification from December 2014.
This comes as the International Integrated Reporting Council (IIRC) launched its new integrated reporting framework last month (December 2013). IIRC is a global coalition of regulators, investors, companies, standard setters, the accounting profession and NGOs, who have a shared interest in encouraging value creation for the long-term.
Alan Hatfield, director of learning at ACCA, said: 'ACCA has a history of innovation and anticipating trends. We were the first professional accountancy body to examine in IFRS (International Financial Reporting Standards) and the first, in 2000, to examine on the framework of GRI, the Global Reporting Initiative.
'We continue to enhance our syllabus on a regular basis to ensure that ACCA members are at the forefront of good practice. This means that we can be confident that ACCA members are complete finance professionals, equipped with skills to work in all sectors.
'Most of the elements of integrated reporting were already included in our global syllabus, but we have taken the opportunity to bring them together and IR will form part of our assessment going forward. This is an area where ACCA members can show their leadership for the future, at the heart of long-term value creation for their organisations.
'This change resonates well with ACCA’s core values, such as opportunity, innovation and accountability.'
ACCA has also developed a number of resources to inform members on the implementation and adoption of IR – including webinars and research papers.
For more information, please contact:
Alana Sinnen, ACCA Newsroom
+ 44 (0) 207 059 5807
+44 (0) 7715 812120
Notes to Editors
- More information about the ACCA Qualification can be found via the 'Related Links' section, left of this article.
- ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. We aim to offer business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.
- We support our 162,000 members and 428,000 students in 173 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. We work through a network of over 89 offices and centres and more than 8,500 Approved Employers worldwide, who provide high standards of employee learning and development. Through our public interest remit, we promote appropriate regulation of accounting and conduct relevant research to ensure accountancy continues to grow in reputation and influence.
- Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. We believe that accountants bring value to economies in all stages of development and seek to develop capacity in the profession and encourage the adoption of global standards. Our values are aligned to the needs of employers in all sectors and we ensure that through our qualifications, we prepare accountants for business. We seek to open up the profession to people of all backgrounds and remove artificial barriers, innovating our qualifications and delivery to meet the diverse needs of trainee professionals and their employers.