Internal Audit's Role in Integrated Reporting Assurance
White Papers | May 24, 2022
Learn more about internal audit’s role and application of the Three Lines Model in helping boards of directors identify responsibilities in relation to the integrated reporting process. Integrated reporting brings together material information about an organisation’s strategy, governance, performance and prospects in a way that reflects the commercial, social, and environmental context within which it operates.
The Integrated Reporting Framework is designed to help organizations understand, deliver, and communicate value creation for the organization and for others in the short, medium, and long term.
This paper, Executing the Board's Governance Responsibility for Integrated Reporting, highlights how an integrated internal approach to assurance can support boards of directors in discharging their responsibilities for the integrity of the integrated report and integrated reporting process.
In addition, this tool outlines how the major value creation and protection components of the Framework — the fundamental concepts of The Capitals, Value Creation Process, and Integrated Thinking principles — support internal audit's contribution to integrated reporting assurance.
This white paper was created with the International Federation of Accountants (IFAC). The paper is the second installment in IFAC's integrated reporting assurance series.