Perception of Accounting Report Preparers and Users on the Implementation of Integrated Reporting in Vietnamese Irrigation and Drainage Management Companies

Abstract

 Integrated report (IR) provides information to related parties about financial information, business results and the relationship between enterprises with employees, society and environment. Therefore, IR is an effective tool to monitor the management and use of state resources and assets in state-owned enterprises (SOEs). In Vietnam, when SOEs publish their financial statements, they also publish non-financial statements related to social responsibility and the impact of enterpise on related parties. IR is still a new concept and has not been implemented in SOEs in general and Vietnamese Irrigation and Drainage Management Companies (VIDMC) in particular. The purpose of this study is to explore the experts’ perceptions of advantages and disadvantages of the IR that is implemented in VIDMC in the future. Based on interviews with the board of directors, the chief accountant, the accountant at VIDMC and the managers of provincial department of finance, it shows that although there are challenges in implementing IR, the benefits are more significant, so experts have great expectations for the future of IR in VIDMC. The results of the research also suggest to the State and VIDMC to make IR application feasible in the future.