Abstract: Over the past twenty years, a new model of integrated financial reporting has been gradually emerging, aimed at providing financial and non-financial information for entities engaged in the effective management of companies or individual business units on the basis of sustainable development. The information needs of users and, accordingly, preparers of integrated reporting to meet these needs are so diverse and voluminous that information chaos arises when receiving information from different departments of an enterprise. Currently, the concept of integrated reporting is gradually being introduced into the practice of large companies, but this process has not yet become widespread due to a number of theoretical, methodological and organizational difficulties. In this study, the authors systematizes and summarizes the approaches to the interpretation of the concept of «integrated reporting», which are most often used by scholars to determine its economic essence. Research methods. The abstract and logical method was used to systematize and analyze the study, and the method of comparative analysis was used to compare the types of reporting. Results. The article analyzes the main approaches and principles of integrated reporting. Its components are presented and the essence of the reporting indicators on the basis of which management makes appropriate management decisions is revealed. The main problems and prerequisites for the preparation of integrated reporting in domestic companies are identified. Prospects: The widespread introduction of integrated reporting into the practice of domestic companies will help improve the business environment, allow companies to enter the global capital markets and attract investments, focus on the future and forecasts, feel the risks and opportunities, analyze activities more effectively and make more efficient decisions.