ASB accountants research integrated reporting

Tuesday, 10 July 2012  Features

Accounting researchers from the Australian School of Business have been awarded $180,000 funding from The Australian Research Council (ARC) to study the growing area of Integrated Reporting.

Professor Roger Simnett, Associate Professor Wendy J Green, Associate Professor Mandy Cheng, Dr Maria Balatbat and Dr Yee Shih Phua are leading this research in partnership with the Institute of Chartered Accountants in Australia (ICAA) and CPA Australia (CPA). These partner organizations pledged $149,604 in cash and $121,750 in cash to this project over its three year duration.

The research will focus on the implications of Integrated Reporting (IR) for internal and external reporting as well as its assurance. A multidisciplinary approach will be used to explore the concept of IR and its value adding impacts from the perspectives of the organisation, the capital market, and individual report users.

The research is particularly significant given the heightened public and political awareness that businesses need to report a range of information to stakeholder groups - compared with traditional financial reporting. According to Professor Roger Simnett, "this research program can help inform us on these costs and benefits.

It is important that we understand the external costs and benefits of this new integrated reporting form so that we can establish improved external business reporting, and the benefits for organisations from adopting a more integrated thinking in their internal management decision processes", says Professor Simnett.

The Australian Research Council is part of the Australian Government's Innovation, Industry, Science and Research portfolio. The Discovery projects scheme provides funding for research projects that expand Australia's knowledge base and foster the international competitiveness of Australian research.

The Linkage projects scheme funds collaborative projects between university researchers and industry encouraging the development of long-term strategic research alliances between higher education and industry.

UNSW was awarded $5.8 million in total for 20 projects, topping New South Wales and ranking second nationally. Significantly, the projects received the highest level of industry support nationally with $15.1 million pledged from partner organisations.

The next round of Linkage Grants is expected to open in September 2012 for funding commencing in July 2013.