... must address this, the authors propose a new definition of materiality and recommend that sustainable development risks and opportunities be placed at the core of a future framework for connected/integrated reporting. Research limitations/implications For sustainable development risks...

...Alessandro Lai; Gaia Melloni; Riccardo Stacchezzini The concept of materiality, when generally expressed, is simple to understand. However, when it is made a central concept in the application of accounting principles, a lack of specific definition converts it into a prime problem area...

... Reporting Council (IIRC) Framework faced by small and medium-sized enterprises (SMEs) in releasing the integrated report and adapting the Integrated Reporting (IR) principles (i.e. materiality, integrated thinking and connectivity) to their needs and features. Only recently the relevance of IR for SMEs has...