The International Integrated Reporting Council (IIRC)—a global coalition of regulators, investors, companies, standard-setters, the accounting profession, academia and non-governmental organisations—has transitioned into the IFRS Foundation’s Integrated Reporting and Connectivity Council, an advisory body to the IFRS Foundation Trustees, the International Accounting Standards Board (IASB) and the International Sustainability Standards Board (ISSB). The Integrated Reporting and Connectivity Council provides guidance on how reporting required by IFRS Accounting and Sustainability Disclosure Standards could be integrated and how the IASB and the ISSB could consider applying principles and concepts from the Integrated Reporting Framework to their projects.
Under the Value Reporting Foundation (VRF), the IIRC was the primary institutional forum for expression of a broad market view on matters relating to integrated reporting and integrating thinking. The IIRC was also a medium for the VRF’s interaction and provision of advice, guidance and input on issues of relevance for the organisation, including its nature, objectives, purpose, vision, mission and strategy and the means by which to deliver that strategy.
The IIRC was dissolved upon the consolidation of the VRF into the IFRS Foundation in June 2022. IIRC members were invited to join the Integrated Reporting and Connectivity Council.