Integrated Reporting: Some considerations about Materiality

Integrated Reporting could probably be one of the main innovations that could have a deep impact on the reporting process for larger companies. Since it is a quite recent issue, many of the aspects considered within the recent Framework of IR require some considerations to be perfectly applicable by entities and to find a good application in practice. In this paper we will focus on the principle of materiality, trying to compare the specific background of this principle within financial accounting, with the one rooted within the csr background. Materiality is in fact a relevant principle both for the reporting process and for the assurance one. These considerations could generate some useful insights for the standard setters (IIRC in particular) in realizing their guidance and for the entities that have already started publishing their Integrated Report. The paper has a critical and normative approach.