FOREIGN PRACTICE OF NON-FINANCIAL REPORTING
The purpose of this study is to analyze the international practice of disclosing non-financial information in reporting and identifying the problems of forming integrated reporting. The current practice of non-financial reporting in foreign companies indicates a gradual and sustainable development of the integrated reporting model. An analysis of the structure and content of the integrated reporting by leading international oil and gas companies led to the conclusion that there are significant shortcomings in the foreign practice of integrated reports. A set of measures is proposed that develops the concept of the integrated reporting in a modern economy.
Keywords: non-financial reporting, integrated reporting, annual report, social policy, environmental reporting, transparency, international standard for integrated reporting, oil and gas sector.
Highlights:
the current practice of the non-financial reporting in foreign companies was analyzed;
the structure and content of the integrated reporting in foreign companies was analyzed;
the main weaknesses in the reporting of foreign companies were identified;
the possible solutions to identified problems were suggested.
Victoria V. Kozhuhova, Chief Accountant of IP Belyakova; Tatyana A. Korneeva, Doctor of Economics, Professor of Samara State University of Economics; Olga N. Potasheva, Candidate of Economics, Associate Professor of Samara State University of Economics.