Financial and non-financial reporting has been the primary means of communication between the firm and its stakeholders from its inception. Over the years, businesses and organizations have evolved to meet the everchanging demands of the commercial and social environment. The integration and reciprocal connection of both financial and non-financial data is now the final link in the evolution of reporting. Integrated reporting is undoubtedly a significant step forward in the evolution of corporate reporting; nonetheless, it is critical to examine if stakeholders' information demands are sufficiently met and whether they will function as a universal communication tool for businesses and their stakeholders. The purpose of this study is to identify and assess the benefits and drawbacks of using integrated reporting as a tool for communicating with stakeholders. The examination of the literature, comparative analysis, as well as induction and deduction are the research methods utilized to attain the specified aim.