Comparison guide for ASIC's Regulatory Guide 247 and the International Integrated Reporting Framework

The Australian Institute of Company Directors has prepared a Comparison guide comparing and contrasting ASIC’s Regulatory Guide 247, “Effective Disclosure in an Operating and Financial Review” and the International Integrated Reporting Framework.

This guide may be of assistance to directors when considering the disclosures within the Operating and Financial Review in the directors’ report.  The Australian Institute of Company Directors is of the view that there are significant differences between these frameworks and that there are risks inherent in both. Directors are encouraged to exercise caution when finalising  the disclosures within the directors’ report.