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Hi everyone , i have question….How does accountability and reporting (like annual report , integrated reporting) are related ? like how does reporting demonstrates accountability?…Tq in advance
My thinking is that by reporting more than the financial performance/position, the company demonstrate its accountability by reporting on other activities that is of interest to its stakeholders for e.g; its environmental footprint, employee turnover, satisfaction etc… noteworthy, Integrated reporting is used to communicate how value is being created from the company’s standpoint in the short, medium and long term. Thus why the capitals as mentioned above is a key element in showing accountability.
The above is my understanding of the matter and something that I would write in an exam. 🙂
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