CFO Innovation: IFAC - Integrated Thinking & Reporting Helps Small & Medium Entities Drive Value
Thinking beyond the financial elements of an organisation to other key areas of value creation can help small- and medium-sized entities (SMEs) develop a better understanding of their business and provide key insights for the future. Today, it is critical for organisations to think broadly about performance and strategy, and improve communication to shareholders, investors, customers and suppliers on what drives value for the organisation.
Creating Value for SMEs through Integrated Thinking: The Benefits of Integrated Reporting, published by the International Federation of Accountants (IFAC) and the International Integrated Reporting Council (IIRC), highlights how SMEs—and the professional accountants serving them—can benefit from integrated thinking and reporting.