International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

Integrated Reporting, Corporate Governance, and the Future of the Accounting Function
Sean Stein Smith

The marketplace is continuously evolving, and it is imperative for financial professionals to understand these trends and to be able to integrated these trends into business decision making. Corporate governance and stakeholder theory are increasingly important trends influencing both academic research and practitioner actions, and this increasing influence has generated two theories of particular importance to financial professionals. Integrated financial reporting, or integrated reporting, represents the culmination of several disparate trends in non-traditional reporting. Supported by the International Integrated Reporting Council (IIRC), this initiative requires accounting and financial professionals to think more holistically about financial performance. Strategic management accounting (SMA) represents this comprehensive view of financial performance that financial professionals must embrace to move forward with an increasingly complex business environment.

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