Contributing to the Global Economy
Creating Value with Integrated Thinking
The Role of the Professional Accountant
IFAC
Nov 03, 2015 | Surveys & Reports
20 Pages
ISBN 978-1-60815-255-1
English
All available Translations: Korean Romanian Spanish-Latin America
This thought paper helps facilitate the contribution of professional accountants to integrated thinking—and help align capital allocation, corporate behavior, financial stability, and sustainable development. It sets out a vision for integrated thinking and explores what professional accountants working in the public and private sectors can do in practical terms to facilitate it in their organization, regardless of whether their organization is planning to publish an integrated report. It identifies five key elements, which, if implemented, can lead to more effective organizations. This ultimately provides the basis for shifting from today’s financially oriented reporting to integrated reporting.
This paper reflects integrated thinking as we understand it today, given that this is a period of experimentation for many organizations. It explores what integrated thinking involves, as well as its challenges and how they can be overcome, and advances a meaningful understanding of its role and power. Notably, the publication also discusses how integrated reporting both improves and is improved by integrated thinking.
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Related Resources
- Additional integrated reporting and thinking resources are available on the Global Knowledge Gateway
- IFAC Explains How Accountants Contribute to Meeting Organizations’ Sustainability Challenges
- IFAC Comment Letter on International Integrated Reporting Council's Discussion Paper: Assurance on Integrated Reporting
- Exploring Assurance on Integrated Reporting and Other Emerging Developments in External Reporting
- Championing an Integrated Mindset to Drive Sustainability and Value Creation