IPSASB MEETING Ian Ball

Lisa French Ian Carruthers

Integrated Reporting

1

what <IR> explained

who Council members

how Framework, Pilot Program, Database

when Milestones

Overview

3

4

what.

<IR> explained

5

Financial reporting

CONCERNS

• Volume and complexity

• Historical focus

• Financial statement focus

<IR> explained

6

Financial reporting

CONCERNS

• Limited uptake

• Weak investor link

Non-financial reporting

<IR> explained

7

Non-financial Financial

strategy governance

performance prospects

Financial reporting

<IR> explained

8

Non-financial reporting

concise communication of value

(investor audience)

strategy governance

performance prospects

9

who.

Report users

Standard setters

Regulators Report preparers

Support

Council

10

11

how.

■ Over 80 businesses testing <IR> Framework

■ Includes Investor Network

Pilot Program Pilot Program

12

Examples

13

14

when.

15

Sep – Dec 2011

Conceptual Framework 214 responses

Milestones

16

Milestones

May 2011

Summary of comments

17

Jul 2012

Draft outline

Milestones

18

Sep/Oct 2012

Yearbook Examples database

Milestones

19

Draft Framework Prototype Q4 2012

Prototype

Milestones

20

Topic-specific papers

Milestones

21

Topic-specific papers

Milestones

business model, value, capitals, materiality, connectivity

22

Apr 2013

Consultation Draft

Consultation Draft

Milestones

23

Milestones

Jun 2013

yearbook

24

Dec 2013

Version 1.0

Framework Version 1.0

Milestones

learn more.

@Lisa_E_French lisa.french@theIIRC.org