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News and Research

All the content on this site is contributed by our Community Members and our Operating Committee.  Please consider Joining our Community and sharing your own knowledge. Thanks in advance for your help!

  • 1 Jul 2020 12:48 PM | Mary Adams (Administrator)

    Thanks to all who participated in our session on June 24 to provide feedback to the revision process for the Framework. The final report from our meeting is available here:

    U.S. Community Framework Feedback Summary.pdf

    In case you want to delve further, here are the background materials provided for the meeting:


    You can do so here before August 19:

  • 29 Jun 2020 3:47 PM | Paul Thompson

    On 24 June A Plus magazine published this article The Storyteller summarizing an interview with the IIRC's CEO Charles Tilley:

  • 23 Jun 2020 4:55 PM | Paul Thompson

    This feedback analysis paper by Accountancy Europe follows up on the Cogito* project Interconnected standard setting for corporate reporting (December 2019). 41 leading European and global organisations responded to the call for feedback. This follow-up paper:

    o   analyses the feedback received in writing and through events

    o   provides an update on the latest EU and global developments

    o   reflects on a way forward on the NFI standard setting agenda

    Various key takeaways are drawn from the 41 comment letters received. Read more here.

  • 23 Jun 2020 4:50 PM | Paul Thompson

    IFAC continues to speak out on behalf of the global accounting profession on the topic of non-financial reporting, most recently in response to the European Commission’s review of the Non-Financial Reporting Directive (NFRD). This review marks another valuable step in the dialogue and evolution toward relevant, reliable, and comparable reporting of non-financial information. A summary of IFAC’s response is available on its website. IFAC 's response reiterated points it made in early June in its summary of its feedback on the World Economic Forum (WEF) consultation “Toward Common Metrics and Consistent Reporting of Sustainable Value Creation.

    Read EFAA position statement on Non-Financial Reporting by SMEs here and their response to the NFRD public consultation here. EFAA urges NFR by SMEs to remain voluntary and welcomes the development of a simplified standard for NFR by SMEs.

  • 23 Jun 2020 4:47 PM | Paul Thompson

    In this article Carol A Adams makes the following main points:

    • A proliferation of bodies setting standards and frameworks has led to a proliferation of bodies claiming to ‘harmonise’ them.
    • Five myths are prevailing to support claims to move the authority base for standards and reduce reporting requirements.
    • Recommendations regarding the role of key players are proposed. 

  • 20 May 2020 11:02 AM | Paul Thompson

    ACCA has identified integrated reporting as a key method to help firms tackle future risks they face such as those posed by the Covid-19 pandemic in its latest report Insights into Integrated Reporting 4.0. The report covers 48 companies – each are members of the International Integrated Reporting Council (IIRC) Business Network. As economies and companies around the world prepare for imminent recession owing to the pandemic, the report recommends a focus on sustainability, resource efficiency and integrated thinking to help tackle risks companies face and improve the quality of their reporting. Richard Martin, the report’s author, added that there are still key areas for improvement when benchmarking against the three previous Insights into Integrated Reporting. ‘This indicates that though companies’ stated following of the principles is increasing, the quality of that compliance is not. The descriptions around statements of responsibility for the reports could also be improved.’For more information on integrated reporting, and the report, visi

  • 13 May 2020 12:13 PM | Paul Thompson
    COVID-19 will have a permanent impact on the way businesses think and communicate about human, social and manufactured capital as well. Read more here

  • 14 Feb 2020 2:09 PM | Paul Thompson

    EFRAG publishes a literature review on intangibles as part of its research project on better information on intangibles. Read the complete news

  • 11 Feb 2020 11:28 AM | Paul Thompson

    IFAC hosts a collection of resources on its Global Knowledge Gateway here -




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