aeca is a professional institute, founded in 1979, and declared as of public utility in 1982. aeca is the only professional body that issues generally accepted Accounting Principles and Standards, and recommendations or studies concerning good practices in business management and internationalization. With a strong presence in Spain, Portugal and Latin America, since 2006 aeca is promoting good practices in sustainable reporting and management.
It is a process that results in communication, most visibly a periodic “integrated report”, about value creation over time. An integrated report is a concise communication about how an organization’s strategy, governance, performance and prospects lead to the creation of value over the short, medium and long term. An integrated report should be prepared in accordance with the International Framework that will be issued by the IIRC,, which will be of benefit to a broad range of stakeholders.
aeca is the first global professional institution to promote the use of the XBRL standard (eXtensible Business Reporting Language) for the production and submission of financial [F], environmental [E], social [S] and corporate governance [G] information by the Internet. Their XBRL proposals have been acknowledged by XBRL International.
Case study acknowledged by the IIRC (pag 37): Pilot Programme Yearbook 2012