ABSTRACT
This chapter traces the evolution of integrated reporting through ‘four waves’ of business and accounting since the agricultural era. The fourth wave of business is characterised by multi-capitalism, advanced technology and the drive to sustainable development. In 2019 we are in the fourth wave of business and accounting; for accounting, this is integrated reporting. This chapter examines KPMG’s involvement in the development of integrated reporting, and how KPMG can continue to develop its integrated reporting advisory and assurance focus through the Momentum (2019–2021) and Adoption (2022–2025) Phases of the International Integrated Reporting Council’s strategy, and beyond 2025.
