Baker Tilly CEO Tim Christen Represents AICPA on International Integrated Reporting Council
23 Dec 2015
Tim Christen, Baker Tilly International board director and Baker Tilly Virchow Krause (Baker Tilly) chairman and CEO, has been appointed to the International Integrated Reporting Council (IIRC), representing the American Institute of CPAs (AICPA).
As a member of the IIRC, Christen joins a global coalition of regulators, investors, companies, standard setters, the accounting profession and non-governmental organisations that share the goal of promoting value creation as the next step in the evolution of corporate reporting.
Integrated Reporting (IR) is a process that results in an integrated report designed to communicate all aspects of an organisation’s value creation. The integrated report includes information about how an organisation’s strategy, governance, performance and prospects create short- to long-term value in the context of the organisation’s external environment.
“As part of Baker Tilly’s leadership position in the profession, we continue to advocate a reporting environment that benefits our clients and the global economy,” Christen said. “Alongside the AICPA, we support the work of the IIRC, which represents a critical shift in the way companies can convey success in a very fundamental way: the value they create for investors, stakeholders and society.”
The IIRC released its International Integrated Reporting Framework in December 2013, after which the IIRC moved into a new phase of activity – a ‘breakthrough phase’ – the goal of which to achieve a meaningful shift towards early adoption of the IR framework. The IIRC anticipates that IR will be recognised as the natural next step in corporate reporting globally, with evidence both of increased market adoption and benefits, and stakeholders prepared for and supportive of, majority adoption.
The council has an important role to play in the IIRC’s ongoing development during this breakthrough phase, as the primary forum in which members of the coalition committed to the advancement of IR come together to discuss and contribute to the direction and strategy of the IIRC.
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