Group research assignment, weighting 20%
Due Date: No later than 5pm, Friday Week 9
Word length: 3000 words
Research topic: Integrated Reporting in Australia
In December 2016, CPA Australia issued the following report, “AN EXPLORATION OF THE INFORMATION NEEDS OF SELECTED STAKEHOLDERS OF INTEGRATED REPORTING” (CPA, 2016). This report provided a summary of research undertaken which explored the information needs of company stakeholdersand their perspectives on integrated reporting (CPA, 2016). The objectives of the study were: 1. to explore what stakeholders claim they needand expect from an integrated report; 2. to assess the level of alignment between stakeholders’ expectationsinformation needs; and 3. to understand the usefulness of integrated reporting to their decision-making (CPA, 2016). This report is available from the following link:
As explained in the CPA Australia report, the integrated reporting framework was developed by the International Integrated Reporting Council (IIRC). Further information about the IIRC is available from their website:
- With reference to the IIRC website and the relevant accounting literature, explain the role of the the International Integrated Reporting Committee (IIRC)
- With reference to the research findings of the CPA report and the relevant accounting literature, explain the existing and potential roles of integrated reporting with regards to:
- Providing information that is relevant to stakeholders;
- Stakeholder engagement;
- Comparability of reporting;
- Quality of reporting;
- Usefulness of reporting; and
- Users of reporting
- Compare and contrast the findings of the CPA report with the following guiding principles that underpin integrated reporting:
- Stakeholder relationships;
- Reliability and completeness; and
- Consistency and comparability
- Identify and explain the similarities and differences between :
- The definition and objective of the International <IR> Framework with the definition and objective of general purpose financial reporting (GPFRs) as contained in the IASB / AASB conceptual framework (IASB CF);
- The identification of the users of an integrated report and the identification of the users of GPFRs;
- The integrated report concept of materiality and the IASB CF concept of materiality; and
- The integrated report concepts of reliability, completeness, consistency and comparability and the IASB CF concepts of reliability, completeness, consistency and comparability
- Compare and contrast the integrated reports of four companies that appear in the examples database of the integrated reporting website (see below)
with respect to any four of the <IR> Guiding Principles as discussed in your answer to part 3
- Discuss the factors that may explain the similarities of differences that you identified in your analysis in part 5.
Adams, S. and Simnett, R. (2011), Integrated Reporting: An Opportunity for Australia’s Not-for-Profit Sector. Australian Accounting Review, 21: 292–301. doi:10.1111/j.1835-2561.2011.00143.x
Brown, J. and Dillard, J. (2014) “Integrated reporting: On the need for broadening out and opening up”, Accounting, Auditing & Accountability Journal, Vol. 27 Issue: 7, pp.1120-1156, https://doi-org.wallaby.vu.edu.au:4433/10.1108/AAAJ-04-2013-1313
de Villiers, C.,Rinaldi, L. and Unerman, J. (2014) “Integrated Reporting: Insights, gaps and an agenda for future research”, Accounting, Auditing & Accountability Journal, Vol. 27 Issue: 7, pp.1042-1067, https://doi-org.wallaby.vu.edu.au:4433/10.1108/AAAJ-06-2014-1736
García-Sánchez, I.-M. andNoguera-Gámez, L. (2017), Institutional Investor Protection Pressures versus Firm Incentives in the Disclosure of Integrated Reporting. Australian Accounting Review. doi:10.1111/auar.12172
Lodhia, S. and Stone, G. (2017), Integrated Reporting in an Internet and Social Media Communication Environment: Conceptual Insights. Australian Accounting Review, 27: 17–33. doi:10.1111/auar.12143
Stubbs, W. and Higgins, C. (2014) “Integrated Reporting and internal mechanisms of change”, Accounting, Auditing & Accountability Journal, Vol. 27 Issue: 7,pp.1068-1089, https://doi-org.wallaby.vu.edu.au:4433/10.1108/AAAJ-03-2013-1279
Tweedie, D., Nielsen, C. and Martinov-Bennie, N. (2017), The Business Model in Integrated Reporting: Evaluating Concept and Application. Australian Accounting Review. doi:10.1111/auar.12196
- Assignment submission
- Each group consists of no more than three members.
- Submission of this assignment by due date is compulsory for the successful completion of the subject.
- The submitted hardcopy of the assignment must be the identical version of the electronic copy submitted through the Dropbox (i.e. Turnitin) on VU Collaborate. Inconsistence in the hardcopy and the electronic copy may result in a zero mark of the assignment.
Note: If you cannot submit your assignment through the Dropbox on VU Collaborate due to technical issue, then email your assignment to your tutor or lecturer no later than the due date.
- The Turnitin/Dropbox Similarity Report should be no more than 25%.
- Late submission without the extension approval from your local lecturer will be penalised at two marks (out of 20) per calendar day (including weekend).
- Completed extension application form must be submitted to your tutor at least three days in advance of the due date.
- Students are responsible to protect their work and save data by making necessary backup. Loss of data due to a computer or storage devices problems will not be considered a legitimate reason for an extension.
- Referencing and style
- Assignment must be typed using Word document, with double alignment, and 1.5-lines space.
- Assignment is required to use either an APA or Harvard referencing style (see VU library for Referencing Style guides https://www.vu.edu.au/library/access-borrowing/search-browse-resources/library-guides
- Assignment without proper referencing (in text and end of text) will be subject to substantial deduction of marks. This may result in the assignment being marked zero.
- Preventing plagiarism
3.1 Academic Honesty and Preventing Plagiarism Policy
Plagiarism is defined as ‘The practice that involves use of another person’s intellectual output and presenting it (without appropriate acknowledgement) as one’s own’.
Examples of plagiarism:
- Word-for-word copying of sentences/paragraphs in an assignment without acknowledgement or with insufficient or improper acknowledgement;
- Downloading essays or assignments from the web and presenting these for assessment;
- Presenting another student’s work or research data as the student’s work;
- Copying out parts of any text without acknowledging the source(s). This may be written text, structures within texts, diagrams, formulae, sound files, still photographs, audio-visual material (sound and image files), graphics/animations/multimedia objects, other computer based material, mathematical proofs, art objects, products and others. This can be done as verbatim copying or paraphrasing.
- The use of someone else’s concepts, experimental results, experimental conclusions or conclusions drawn from analysing evidence or arguments without acknowledging the originator of the idea(s) or conclusion(s).
3.2 Students are responsible for:
- Understanding and respecting the University’s policies and procedures regarding plagiarism, collusion, and other forms of academic misconduct, and as such should only submit work for correction or academic credit that is their own or that properly acknowledges the ideas, interpretations, words or creative works of others;
- Avoiding the lending or making accessible original work to others;
- Being clear about the appropriate referencing rules that are applicable to their field of study;
- Refusing to be a party to another student’s efforts to undermine the academic integrity of the University.
- Seeking assistance with their learning and assessment tasks if they are unsure of appropriate forms of acknowledgement.
Assignment Marking Sheet
Student Name………………………………………..Student No……………….
|Requirement number||Assessment Criteria||Possible Marks||Marks received|
|R1||Demonstrates the ability to understand the conceptand the underlying assumptions of integrated reporting||15|
|R2 and R3||Demonstrates the ability to conduct literature review; understand and synthesise complex ideas; and demonstrates the ability to apply the literature to evaluate the use ofintegrated reportingin emerging economies||20|
|R4||Demonstrates the ability to compare and contrast the underlying assumptions of integrated reportingand the underlying assumptions of financial accounting||20|
|R5||Demonstrates the ability to collect data and conduct analysis||20|
|R6||Demonstrates the ability to develop persuasive argument to draw conclusions from results analysis and literature review||20|
|Style and presentation||· The presentation of the results, which should be clear, concise and accompanied byexpository text accessible to the reader
· The presentation of the entire assignment, which should be written in English of an appropriate academic register and of a format and standard of presentation acceptable to business study
|Total possible marks out of 100||100|
|Weighted marks out of 20||20|