Integrated corporate business reporting: challenges and prospects

The aim of the study. Investigate the analytical and regulatory support for the formation of
integrated corporate reporting of business structures and the conceptual basis of its preparation;
identify problems related to the development and implementation of integrated reporting model in the
corporate sector; to analyze the development trends of the concept of integrated corporate reporting
in the context of responding to global world challenges.
Research methodology. During the research, general scientific and special methods were used,
in particular: monographic – when reviewing literary sources on the topic of research; expert–logical – when choosing steps to form an integrated corporate reporting model; system–analytical – when
critically analyzing the concept of integrated corporate reporting.
Results. It has been identified that global challenges lead to a radical change in views on the formation
of the mission and strategy of companies, the assessment of the effectiveness of their activities and
require the formation of a fundamentally new methodological approach to the corporate reporting
model, which should be based on responsible thinking. The pace of development of a methodological
framework for integrated reporting at the global regulatory level does not meet modern world challenges.
The process of standardization of approaches to the formation of an integrated corporate reporting
system also requires intensification. The design of integrated reporting is just being formed, there is no
agreed solution at the global level to intensify the completion of the process of creating and standardizing
the regulatory framework for integrated reporting. Regulators at the global level need to accelerate the
process of corporate reporting unification, which should be based on a harmonious system of financial
and non–financial indicators in response to global challenges to achieve a higher goal.
Practical significance. The results of the study are the basis for further improvement of the
concept of integrated corporate reporting at the global and local levels.