Financial and Non-Financial Information in the Framework of Sustainability and Integrated Reporting
Author:
Senior Researcher Ştefana Maria DIMA, Ph.D.; Associate Prof. Adina Simona POPA, Ph.D.; Univ. Prof. Nicoleta FARCANE, Ph.D.
JEL:
M41, M42, Q01, Q56
DOI:
Keywords:
integrated reporting, sustainability reporting, audit, assurance
Abstract:
As a consequence of the recent pressures from a wide range of users of financial and non-financial information, the concepts of sustainability and integrated reporting reporting began to gain ground at the expense of traditional financial reporting. Several national and international bodies currently claim the lead in developing guidelines, standards and regulations on non-financial reporting as a way to provide additional information to interested stakeholders. The purpose of this article is to clarify the concepts of sustainability and integrated reporting, which influence greatly the future developments in external reporting of transnational corporations. In this context it is discussed the role of the main players in setting uniform standards for the provision of non-financial information, as well as the impact of those bodies’ decisions might have on the audit profession.\r\n