A consolidated financial statement brings together all assets, liabilities, and other operating accounts of a parent company and its subsidiaries, providing an integrated view of the entire corporate group’s financial status.
Integrated Reporting (IR) is a holistic approach to corporate reporting that combines financial and non-financial performance information to provide a comprehensive view of an organization’s ability to create sustained value over the short, medium, and long term.
The International Integrated Reporting Council (IIRC) is a global coalition promoting integrated reporting, where financial and sustainability information are combined to reflect comprehensive value creation.
A global alliance promoting integrated reporting to showcase how organizations create value over time, combining financial and non-financial performance metrics.
