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Despite its potential advantages, the adoption of Integrated Reporting across the world has been slow. What...

Despite its potential advantages, the adoption of Integrated Reporting across the world has been slow.

What are the potential benefits for business entities of adopting Integrating Reporting and what are some of the reasons that may explain the slow adoption of Integrated Reporting?

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Answer #1

A number of benefits of adopting Integrated reporting were identified by participants including:

1)More integrated thinking and management.

2)Greater clarity on business issues and performance. The report highlights that “management teams are finding that Integrated reporting provides greater insights into factors driving business performance”.

3)Improved corporate reputation and stakeholder relationships.

4)More efficient reporting for both users and preparers of reports. Employee engagement.

5) Improved gross margins although it was highlighted that any financial benefits of adopting Integrated reporting may take time to realise.

However it is difficult to adopt integrated reporting suddenly all over the world as every country has their own reporting standards and corporate laws. It will definitely lead to slow adoption.

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