INTEGRATED REPORTING PRACTICES IN SELECT INDIAN PETROLEUM COMPANIES-AN ANALYSIS
The inability of financial and sustainability reporting to present the performance of the company as a whole has given rise to the concept of Integrated Reporting (IR). It is a representation of the financial and non-financial performances in a standalone document. IR helps in the decision making, offers additional values, increases the transparency between the company’s performance and the outside world and helps in information management. The paper describes the concept of integrated reporting and the IIR framework launched in 2012. This study also examines whether the integrated reports prepared by the companies are in compliance with IIR framework or not and studies the relationship between the disclosure index and companies’ performance (ROA) and position (ROE). The annual reports of the selected companies are analyzed using content analysis. Due to the absence of statutory laws in India regarding Integrated Reported, there is discrepancy in reporting. Moreover, some steps are suggested to improve Integrated Reporting practices in India.
KEYWORDS: Integrated reporting, IIR framework, disclosure index