CORPORATE PUBLIC REPORTING: STRUCTURE, TYPES, AREAS OF IMPROVEMENT

Abstract

The main source of information about various aspects of the organization's activities is the information available to users.  The significant part of the information about the organization's activities is presented on official website on the Internet. Nevertheless, the reliability of public information for users is entered by the provision of public corporate reports, confirmed by an audit opinion.

The need of users for various information initiates organizations to publish not only mandatory financial statements, which are regulated by Russian and international Accounting and Reporting Standards (FSB, IFRS). The interest of users in the environmental and social policy of the organization, the definition of its role in the life of modern society increases attention to non-financial indicators that are published in reports on sustainable development (based on the recommendations of GRL). The publication in 2013 of the International Standard of Integrated Reporting (International Integrated Reporting Framework) intensified the discussion regarding the transformation of financial and non-financial reporting into integrated reporting, revealing aspects of the organization's activities using a certain system of indicators.

The article discusses various approaches to the definition of corporate reporting, its composition and structure, defines the role of integrated reporting as a separate form of reporting embedded in the public reporting system of the organization. The indicators of integrated reporting recommended for disclosure during its publication are analyzed; the possibilities of integrating public reporting into a single format are identified.