THE INTEGRATED REPORTING AND ITS ADOPTION PERSPECTIVES IN THE EUROPEAN UNION

The limited character of the resources used in business and the increasing needs of the shareholders and stakeholders to understand the way in which these resources are used in the business process have developed over time new business reporting practices. In view of this, the main objective of this paper is to present the integrated reporting concept and its future perspectives of being a widely accepted non-financial reporting standard. In order to ensure a better describing, interpretation and a good contextualization of the objective of this paper I considered suitable to make a literature review using qualitative research method through content analysis. The results obtained show that the business environment has serious intentions to report non-financial information along with the classic financial reporting. The integrated reporting represents interest for the business environment but there are also other non-financial reporting standards and regulations competing with IIRC (International Integrated Rerporting Council). Also, there is sufficient evidence to show that there is a lack of international synchronization of the non-financial reporting standards which makes integrate reporting or other non-financial reporting standards not to have 100% chance of being adopted by the companies from the European Union. Although there is an interest of the way the value is created in a company, the objective of integrated reporting must be deeper in the sustainability and environment problems. In order to have high chances of adoption, the integrated reporting must be extended and corroborated with the international requirements regarding non-financial reporting.