Organizational and Methodological Support for Self-Assessment Procedures with the Purpose of Preparing Integrated Corporate Reporting

Abstract

Complex, diverse, multidirectional institutional processes taking place around the world have led to the fact that the priority direction for disclosing information about activities of a reporting entity to its stakeholders is integrated corporate reporting. It is increasingly acting as a new effective tool of organization management that provides the necessary information connectivity and completeness of information disclosure on sustainable development of a business entity. The paper focuses on the organization’s internal self-assessment, one of the effective methods used in the preparation of integrated corporate reporting. The authors substantiated the need for internal self-assessment in order to prepare integrated corporate reporting. They also provide suggestions to develop a methodology for self-assessment of the organization, as well as a number of proposals to improve the organizational and methodological support of the procedure for its implementation. Furthermore, the main content of the stages of internal self-assessment is discussed. A feature of the proposed methodological solution is the orientation to an in-depth analysis of the existing business model, the assessment of the contribution to the final result of the organization of each capital, taking into account the key characteristics of the internal and external environment, as well as industry specifics. The practical application of the proposed methodology as one of the corporate governance tools allows us to increase the standardization level of integrated reporting and ensure optimal management of financial and non-financial information flows.