Philips Electronics is a leading provider of integrated reporting. In 2010, the third generation of report produced. Since the first report in 2008, Philips had grown its built-in reports and integrated reporting website sophistication. When planning for the integrated report for the year 2011, the company is exploring the issues that are addressed in order to put together an integrated report. KPMG is the auditor of the Company contain both the financial and non-financial information in the integrated r … Read more »

Philips Electronics is a leading provider of integrated reporting. In 2010, the third generation of report produced. Since the first report in 2008, Philips had grown its built-in reports and integrated reporting website sophistication. When planning for the integrated report for the year 2011, the company is exploring the issues that are addressed in order to put together an integrated report. KPMG is the auditor of the Company, both financial and non-financial information in the integrated report, but these are covered by separate insurance opinions. To the challenges of providing an integrated audit will always be the internal measurement and control technology for non-financial information of the same quality as for financial information. Another challenge is that the cultures of the finance function and those who work in the field of sustainability are very different.
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from
Robert G. Eccles,
Daniela Salzman
Source: Harvard Business School
23 pages.
Release Date: 22 January 2012. Prod #: 412054-PDF-ENG
Integrated Assurance at Philips Electronics NV HBR case solution

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