Businesses today face heightened expectations around their role in society and the world, with profitability being one of many criteria by which performance is measured. Rising in importance is the impact a company has on its stakeholders, society and even the planet. Integrated reporting, which encompasses elements of traditional financial reporting, sustainability reporting and governance reporting within a single presentation represents a growing trend that reflects these new expectations. In the absence of a generally accepted framework, companies that wish to move towards integrated reporting may encounter several dilemmas around relevance, scope, assurance and other issues. Deloitte has prepared a paper that explores the role of internal audit in integrated reporting, and how internal audit has - from the perspective of their assurance role - an opportunity to help the business enhance its maturity in terms of enhancing the robustness of the sustainability and integrated reporting process and controls, and through providing recommendations in terms of enhancing the relevance and reliability of the related reports.

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