Paradigm Shift in Corporate Reporting

Abstract

In this paper, we present the evolution of integrated reporting and organizations playing an active role in this process. As a result of the changes, corporate reports including only historical inancial information have become insuicient. It has started to be important for the irms to be sensitive towards environment, social capital and governance. For these reasons, authorities started to search for new reporting types. Their aim was to form a report giving detailed (prospective and retrospective) information about the total performance of the irm. Sustainability reports, the starting point of integrated reporting, were established and Global Reporting Initiative (GRI) standards were formed to increase the popularization. Integrated reports aim to supply full disclosure about the irms' strategies, goals and performances. They also respond to the demands and needs of key stakeholders. In order to actualize the inancial stability and sustainability, they are necessary. Integrated reports also put related groups into play. So, decision makers become a participant instead of watching the system from outside. In addition, integrated thinking philosophy provides systematic disclosure of value creation, namely how organizations made resource allocations in the past and how they will create value in the future according to their business models.

Kurumsal ve Finansal Raporlamanın Geleceği Üzerine Değerlendirmeler

“…Raporlamanın yeni normali şeklinde nitelendirilen entegre raporlama, kurumsal raporlamanın geldiği son nokta olarak şeffaflığı ve şirkete ilişkin bilgi paylaşımını artırmakta ve bu sayede bütün paydaşlara fayda sağlamaktadır. Entegre raporların, uluslararası geçerliliği olan düzenlemeler ile birlikte gelecek yıllarda kurumsal raporların öncelikli formu haline geleceği de öngörülmektedir (Aras, 2018;Gökten & Marşap, 2017).…”

Introductory Chapter: Some Current Issues on Accounting and Finance

“…On the other hand, another reporting issue that complements financial reporting refers to corporate social responsibility (CSR) or sustainability reporting. Sustainability reporting gives (1) economics data, (2) environmental data, and (3) social data about a business entity [2]. Therefore, financial reporting data of a business enterprise is supported by other three aspects of a business so that related parties are informed about the business entity as a whole.…”

Corporate Reporting Ecosystem: Elements, Regulations and Forecasts

“…Ancak çevresel, sosyal, yönetişimsel vb. hususlara ilişkin finansal olmayan bilginin artan önemi ve kullanımı, yıllar geçtikçe hem farklı kurumsal rapor türlerinin ortaya çıkmasına (kapsamın genişlemesine) hem de kurumsal raporların karmaşıklık düzeyinin artmasına neden olmuştur (Gökten & Marşap, 2017;PwC, 2019). Ayrıca bir bütün olarak kurumsal raporlamada daha fazla karşılaştırılabilirlik ve güven sağlamak adına finansal olmayan raporlamanın daha fazla standardizasyonu için Dünya Ekonomik Forumu ve Avrupa Komisyonu başta olmak üzere uluslararası taraflar çağrı yapmışlardır (IIRC, 2019).…”