March. Roundtable on Integrated Reporting (Vilnius. Lithuania)
On 6 March 2013 the Association of Chartered Certified Accountants (ACCA) jointly with BDO Lithuania organised the roundtable “The audit perspective: barriers and opportunities on the road to Integrated Reporting” in the Conference Hall "Simfonija" of Radisson Blu Astorija Hotel, Vilnius, Lithuania.
The event touched the issues of financial regulation, new reporting models and sustainability awareness in the Baltic Region. Issues of corporate sustainability, reporting standard development and refinement of environmental accounting are key priorities for the ACCA thought leadership program.
Key speakers of the event:
- Henning Drager, representative of the International Integrated Reporting Council (IIRC) at Ukraine, Russia, Caucasus; BDO Ukraine Chief Sustainability Officer (CSO)
- Raimonda Jankauskiene, Consulting projects manager and Partner at BDO Lithuania
- Nataliya Vovchuk, Head of ACCA Ukraine, Baltic and Caucasus States
Henning Drager, representative of the International Integrated Reporting Council (IIRC) for Ukraine, Russia, Caucasus, Scandinavia and the Baltic States; BDO Ukraine’s Sustainability and CSR Partner, said: “Integrated Reporting is an extraordinary attempt to bring together the best of financial and non-financial reporting practices enabling companies to report on a much broader array of risks and impacts. Lithuanian input to the suggested Integrated Reporting framework is very welcome to ensure greater international representation and hopefully stimulate debate across the Lithuanian business and regulatory community.”
Virginija Sireviciene, International Liason Partner and managing director at BDO Lithuania, said: ‘BDO global invests much time and effort in tailoring up the Integrated reporting conception and the report itself in order to offer the product and service to the market. We, either BDO globally, as well here locally strive to be the leaders in the path towards Integrated Reporting. We’ve already started pooling know-how in this area in Lithuania locally using global network of BDO.’
Raimonda Jankauskiene, Consulting projects manager and Partner at BDO Lithuania, said: ‘Companies will face new challenge in the path to prepare for Integrated reporting. We, consultants at BDO, however would see Integrated reporting as an opportunity, seeing Integrated reporting as competitive advantage, a tool to show companies value based on non-historical data as such, not just only as another obligatory reporting.’
Nataliya Vovchuk, Head of ACCA Ukraine, Baltic and Caucasus States, said: ‘At ACCA we believe that input from professional accountants is crucial in helping achieve the rebalancing of current corporate reporting, that provides accountability, transparency and comparability. With a long experience in financial reporting, accountants are in the perfect position to knit together the different forms of reporting. Input from accountants is vital for effective sustainability reporting in any case. Without the effective measurement and accounting of resources there’s no effective way of shepherding the earth resources in an efficient or meaningful way. This is why over the past two decades ACCA has been working hard to build framework for effective sustainability reporting. We’re proud to have had an opportunity to work with other organisations, such as the Prince of Wales Accounting for Sustainability, A for S, and the GRI.’