Key words: oil industry, corporate reporting, integrated reporting, international financial reporting standards (IFRS), report on payments to governments.
This article describes new approach for the corporate reporting of the oil companies. New approach includes integrated reporting, IFRS financials, accounting on payments to governments. The content elements to be included in an integrated report are: company overview and external environment; corporate governance; opportunities and risks; strategy and resource allocation; business model; performance; future outlook.
References
1. Integrated reporting. Consultation draft of the international framework,
The International Integrated Reporting Council, 2013.
2. Extractive activities. Discussion paper DP/2010/1, IFRS Board, 2010.
3. On the annual financial statements, consolidated financial statements
and related reports of certain types of undertakings. Directive
2013/34/EU, The European Parliament and the Council, 2013.
4. Disclosure of payments by Resource Extraction Issuers. Rule 17 CFR
Parts 240 and 249, Securities and Exchange Commission, 2012.
To buy the complete text of article (Russian version a format - PDF) or to read the material which is in open access
.
