CHALLENGING THE CAPITALS: AN INVESTIGATION OF THE CONCEPT OF CAPITALS IN THE FRAMEWORK

This paper investigates the concept of ‘capitals’, as used in the IIRC conceptual framework, and their application in practice. We discuss the various concepts and definitions presented by the IASB, IPSASB, and IIRC conceptual frameworks. Afterwards, we undertake a case study approach, by analysing...

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Published in:Studia Universitatis Babeș-Bolyai. Oeconomica 2015-12, Vol.60 (3), p.3-21
Main Authors: Alexander, David, Fărcaș, Teodora Viorica, Oprişor, Tudor, Tiron-Tudor, Adriana
Format: Article
Language:English
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Annual reports
Associations
Case studies
Councils
Financial Markets
Public sector
Studies
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Fărcaș, Teodora Viorica
Oprişor, Tudor
Tiron-Tudor, Adriana
description This paper investigates the concept of ‘capitals’, as used in the IIRC conceptual framework, and their application in practice. We discuss the various concepts and definitions presented by the IASB, IPSASB, and IIRC conceptual frameworks. Afterwards, we undertake a case study approach, by analysing some published ‘integrated reports’ against a standard checklist. The paper is exploratory, as it analyzes the capitals from the viewpoint of four front-running companies from the IIRC database. The findings show that the requirements of the Framework are inherently followed in the reporting practice by the entities, but the level of real information disclosure is questionable. The analyzed entities prioritize the capitals (as a fundamental concept of integrated reporting), but they sometimes have different interpretations. Therefore, another doubt is if the framework is sufficiently explicit.
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source International Bibliography of the Social Sciences (IBSS); ABI/INFORM Global
subjects Annual reports
Associations
Case studies
Councils
Financial Markets
Public sector
Studies
title CHALLENGING THE CAPITALS: AN INVESTIGATION OF THE CONCEPT OF CAPITALS IN THE FRAMEWORK
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