A revised and updated version of IFAC’s Policy Position Paper 8, Enhanced Organizational Reporting: Integrated Reporting Key, is available on the IFAC website. The paper outlines IFAC position that integrated reporting is the way to achieve a more coherent corporate reporting system, fulfilling the need for a single report that provides a fuller picture of organizations’ ability to create value over time.

Other IFAC’s views detailed in the paper are:

• IFAC’s strong support for the International Integrated Reporting Council and implementation of its Framework;
• that the integrated report can be used as an “umbrella” report for an organization’s broad suite of reports and communications, enabling greater interconnectedness between different reports and recognizing that there is a range of different frameworks and regulations available, and under development;
• the importance of reporting that produces information on which assurance conclusions can be expressed, in accordance with high-quality international assurance standards; and
• the accountancy profession’s significant contribution, and its important role, in developing and implementing enhanced organizational reporting, with professional accountants playing an important role in broad-based organizational reporting arrangements, and in providing assurance.

This updated edition of the paper includes a new section, “A Coherent Corporate Reporting System with Integrated Reporting”, which describes integrated reporting in more detail and the connection to integrated thinking as a foundation.

Integrated reporting is the way to achieve a more coherent corporate reporting system, fulfilling a need for a single report that provides a fuller picture of organizations’ ability to create value. Integrated reporting can be used as an “umbrella” report for an organization’s broad suite of reports and communications, enabling greater interconnectedness between different reports. IFAC also strongly supports the International Integrated Reporting Council and the implementation of its Framework.

Lisa Padmore, FCPA, FCGA was appointed a member of the Nominating Committee in November 2024. She was nominated by the Institute of Chartered Accountants of Barbados (ICAB). Ms. Padmore previously served on the IFAC Board and IFAC Professional Accountancy Organization (PAO) Development Committee.

After 30 years, Ms. Padmore has stepped down from her position as an Assurance Partner with experience at a senior level with EY in the Consumer Products and Power & Utilities Sectors in the Caribbean. Previously, she was responsible for the implementation of audit methodology changes for the firm across the Caribbean region and the learning curriculum for auditors, from recruits to partners. 

Ms. Padmore serves as the Chief Executive Officer of ICAB. Prior to this appointment, she joined the ICAB Council and served as Secretary to Council from June 2014 to May 2015. She became the 4th female President the following year, serving from June 2015 to May 2017. As ICAB Immediate Past President, Ms. Padmore assumed an additional role as the alternate director to the Board of Directors of the Institute of Chartered Accountants of the Caribbean (ICAC). Ms. Padmore was also the Vice-Chair of the Barbados Chapter of Canadian CPAs from 2016 to 2018. She currently serves as the Chairman of the ICAC PFM Committee.

In addition to her current responsibilities at ICAB, Ms. Padmore is a director on several public and private entities in Barbados.  She has a B.Comm from McGill University, Montreal, Canada and is a fellowship member of CPA Canada. 

The International Public Sector Accounting Standards Board^® (IPSASB) staff have issued a background paper to provide information on Emissions Trading Schemes (ETSs) and other government interventions that reduce emissions of greenhouse gases. The paper provides background information on ETSs and support the IPSASB’s potential future development of approaches for accounting for entities’ involvement in ETSs. This publication is not an IPSASB pronouncement and does not represent IPSASB members' views.

• Emissions Trading Schemes—Staff Background Paper

Matteo Pozzoli became a member of the Small and Medium Practices (SMP) Committee in January 2017. He previously served as Technical Advisor to SMP Committee Chair Giancarlo Attolini from 2008 to 2014. He was nominated by the Consiglio Nazionale dei Dottori Commercialisti e degli Esperti Contabili (CNDCEC).

Mr. Pozzoli collaborates with CNDCEC’s Research Department on national and international professional standards. He is Technical Advisor at the Corporate Reporting Policy Group of Accountancy Europe (formerly FEE), and is Associate Professor at the University of Naples Parthenope.

Mr. Pozzoli has a bachelor’s degree in business economics in public administration and is a chartered accountant and statutory auditor.  He has contributed to numerous professional and scientific publications.

Naofumi Higuchi became a member of the IFAC SMP Advisory Group (SMPAG) in January 2017. He was nominated by the Japanese Institute of Certified Public Accountants (JICPA).

Mr. Higuchi is a Technical Director at JICPA, the organization for the CPA profession in Japan. He assists member CPAs working in SMPs to implement International Financial Reporting Standards (IFRS) by providing a series of seminars and workshops. JICPA also provides tools, guidelines, and special training sessions for members in SMPs to be utilized when supporting start-ups, new business development, and business revitalization.

Mr. Higuchi is a professor (part-time) specializing in IFRS at Tohoku University Accounting School in Japan since 2018. 

Mr. Higuchi received his CPA qualification in 2001 while working as a manager in financial services with ChuoAoyama PricewaterhouseCoopers in Japan.

Mr. Higuchi holds a bachelor of economics degree from Keio University, Japan, and a master's degree (Master of Laws) from University of Tsukuba, Business Science School.  

Tine van de Werken became a member of the IFAC Professional Accountants in Business (PAIB) Advisory Group in January 2017. She was nominated by the Royal Nederlandse Beroepsorganisatie van Accountants (NBA).

Ms. Van de Werken is the CFO at Dümmen Orange. Previously, Mrs. Van de Werken worked as CFO at Royal Cosun. In her capacity as CFO, she participated in the leadership team of Cosun and successfully led a variety of projects, like acquisitions and divestments, refinancing, and the implementation of a SSC ICT and enterprise resource planning projects.

Ms. Van de Werken is the Vice-Chair of Pension Fund Cosun, and the Chair of Joint Investment Committee of the Pension Fund Cosun and Pension Fund Aviko. She is a member of the Advisory Board of NBA/VRC Professional Education Program (an interest and advisory committee for accountants in business).

Ms. Van de Werken received her CPA qualification in 1997 while working as a business controller with Cosun in the Netherlands and holds a Master’s Degree in Business Economics from Erasmus University and a degree in Accountancy from Vrije Universiteit.