ABSTRACT
Traditional reporting, in addition to the time lag and delay between when the transaction occurs versus when the information is reported, is also a process that occurs periodically. Even for the largest corporations, which have quarterly or other periodic reporting requirements, these reports are usually only filed on a monthly or quarterly basis, which leads to the reality that only some information is analyzed and sifted through on a continuous basis. An important point that should be emphasized when conducting an analysis of integrated financial reporting, especially versus current existing options and frameworks, is that several characteristics differentiate integrated reporting framework from other options. Creating and sustaining value over the long term is something that, in addition to fulfilling quarterly and other period earnings goals, is a fiduciary responsibility of any management team. An action-oriented plan, however, is not something that can be created in vacuum or without substantial input and tweaking from financial shareholders and other external stakeholder groups.
