ACCA chief appointed to committee of new financial reporting body
IIRC to develop clear and consistent reporting framework
05 Aug 2010
ACCA chief executive Helen Brand has been appointed as a key representative on the steering committee of the newly formed International Integrated Reporting Committee (IIRC).
Established by the Prince's Accounting for Sustainability Project (A4S) and the Global Reporting Initiative, the IIRC's objective is to develop a concise and consistent integrated reporting framework for companies on how to present their strategic objectives, governance and business model, as well as integrating both financial and non-financial information.
The body is comprised of a cross-section of representatives from civil society and the corporate, accountancy, securities, regulatory, NGO, IGO and standard-setting sectors. ACCA is pleased to be a participant in this initiative, since it was the first professional accountancy body to put sustainability at the heart of the role of the finance professional.
'I am delighted to be joining other accountancy experts on this group,' said Helen Brand. 'ACCA has been working in this field since the early 1990s and has a 20-year record in promoting sustainability reporting, arguing that companies embracing transparency and measuring their impacts would best be able to deliver enhanced sustainable performance. It is extremely heartening to see so many high-profile names working together to achieve change.
'ACCA is passionate about ensuring that the accountancy profession plays a key role in this vital area. We have long called for the need for a clear and consistent method for businesses to report on their impacts on society and the environment, including carbon emissions. The IIRC represents a considerable force for change.'
The steering committee is to be chaired by Sir Michael Peat, principal private secretary to HRH The Prince of Wales and the Duchess of Cornwall. The deputy chair is Professor Mervyn King, chairman of both the King Committee on Corporate Governance and the Global Reporting Initiative. Meanwhile, Paul Druckman, Accounting for Sustainability executive board chairman, and IFAC chief executive Ian Ball are named as co-chairmen of the body's working group.