The International Integrated Reporting Framework fully solved & verified for accuracy(latest update)

What are the 7 IIRC principles? SCSMCRC Strategic Focus and Future Orientation Connectivity of Information Stakeholder Relationships Materiality Conciseness Reliability and Completeness Consistency and Comparability Define Strategic Focus and Future Orientation Provide insight into companies strategy for the ST, MT and LT and effects on capitals Define Connectivity of Information Combination, interrelatedness and dependencies between the factors that affect the organization's ability to create value over time Define stakeholder relationships Provide an insight into the nature and quality of stakeholder relationships and their needs/interests Define materiality Show info that affects the organisations ability to create ST, MT and LT value Define conciseness The report should be concise, no irrelevant information Describe Reliability and Completeness Include positive and negative info in a balanced way without error Describe Consistency and Comparability Presentation should stay consistent over time and allows for comparison with other organisations in terms of materiality Who critiqued the IIRC Framework? Flower, 2015 What does flower ultimately argue? The IIRC has abandoned sustainability accounting What is the IIRC's concept and why is it bad 'Value for investors', not for the society - No obligation for firm to report external harm done by the firm Why will the proposals not work? Little influence on corporate reporting as they are not properly forced Why don't the IIRC care about sustainability reports? IIRC is governed by the accountancy profession and multinational businesses, suss reports threaten them What is the IIRC a victim of? Regulatory capture