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Liburkina L. M.

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IFRS Ecosystem: Innovative Approaches to Integration of Financial and Non-Financial Reporting
Shyrobokova O. V.

Shyrobokova, Olena V. (2026) “IFRS Ecosystem: Innovative Approaches to Integration of Financial and Non-Financial Reporting.” Business Inform 3:387–393.
https://doi.org/10.32983/2222-4459-2026-3-387-393

Section: Accounting and Auditing

Article is written in English
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UDC 657.1:336.76:502.131

Abstract:
The aim of the article is to substantiate the ecosystem approach to IFRS as an innovative platform for integrating financial and non-financial reporting, as well as to determine the role of IFRS S1 and IFRS S2 standards in the formation of a consistent, investor-oriented model of corporate disclosure. To achieve the aim, the methods of synthesis, comparative and content analysis, and a system approach were used. It is substantiated that the traditional interpretation of IFRS exclusively as a set of financial reporting standards is methodologically limited and does not meet the modern requirements of investor-oriented disclosure. It is shown that the IFRS ecosystem is formed as a single information space within which financial and non-financial information interact through the conception of financial materiality and an orientation towards assessing the value of the business. Special attention is paid to the analysis of the innovative role of IFRS S1 and IFRS S2 standards developed by the International Sustainability Standards Board (ISSB). It is proved that these standards do not function as an autonomous ESG block but are methodologically integrated into the IFRS ecosystem through a common conceptual framework with IFRS Accounting Standards. It is found that the implementation of IFRS S1 and IFRS S2 contributes to the transition from a dualistic model of corporate reporting to an integrated architecture in which non-financial factors are considered as financially significant risks and opportunities that affect money flows, access to capital and strategic managerial decisions. The compatibility of the investor-oriented logic of the ISSB standards with the requirements of the US capital markets and the needs of institutional investors and financial analysts is analyzed. It is substantiated that the IFRS ecosystem contributes to increasing the comparability of corporate reporting and reducing information asymmetry, while not replacing national regulatory requirements, but supplementing them. It is concluded that the practical implementation of integrated reporting within the IFRS ecosystem requires further development of internal accounting systems, professional judgment, and adaptation to the regulatory features of individual jurisdictions.

Keywords: IFRS ecosystem; financial and non-financial reporting; integration; innovation; US capital markets.

Bibl.: 10.

Shyrobokova Olena V. – Consultant, Corporate Tax Department, Rodl & Partner / Rodl Langford de Kock LLP (1900 West Loop South, Suite 1550, Houston, Texas, 77027, United States)
Email: [email protected]

List of references in article

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