Study Unit 4: Integrated Reporting

Subunit 3: (18) Guiding Principles and Content

A. Governance.

B. The integrated report.

C. Strategy and resource allocation.

D. Future outlook.

Question: 2Preparing an integrated report involves certain challenges. What part of the <IR> Framework
provides information on how to present the content of the integrated report?

A. The Content Elements.

B. The capitals.

C. The Guiding Principles.

D. The fundamental concepts.

Question: 3Must an organization address all the Content Elements defined in the <IR> Framework?
A. No; the professional judgment of the preparers determines which Content Elements should be addressed
in the integrated report.

B. No, but if a Content Element is excluded, the organization should explain why it did not address that
element.

C. Yes, all Content Elements should be addressed in the integrated report.

D. No; the Content Elements are guidelines that can be ignored by the preparers of the integrated report.

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Prepared by: Sameh.Y.El-lithy. CMA,CIA
 Question: 4What issue is most likely to result from strict interpretation of the guiding principle of reliability and
completeness?

A. Reliability and completeness might conflict with the guiding principle of conciseness.

B. External assurance may be difficult, especially regarding nonfinancial information.

C. Reliability and completeness is not one of the guiding principles.

D. It is impossible to measure the nonfinancial aspects of an integrated report. It can therefore never be

reliable.

Question: 5Connectivity of information

<IR> Framework.

B. Is connection of all six capitals to each other and a demonstration of how they are related.

C. Is the principle that the integrated report should present a holistic view of different aspects of the

company.

D. Requires companies to provide a digital platform in which its customers can search to find relevant,

interrelated, and linked information.

Question: 6Which of the following is a Guiding Principle for integrated reporting?

A. Stakeholder relationships.

B. Performance.

C. Strategy and resource allocation.

D. Basis of preparation and presentation.

Question: 7An integrated report must include

A. Nine Content Elements.

B. Seven Guiding Principles.

C. Six capitals.

D. Three fundamental concepts.

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Prepared by: Sameh.Y.El-lithy. CMA,CIA
 Question: 8The question posed for the Content Element, Basis of Preparation and Presentation, in the <IR>
Framework is

A. To what extent has the organization achieved its strategic objectives for the period, and what are its
outcomes in terms of effects on the capitals?

B. Where does the organization want to go, and how does it intend to get there?

C. What does the organization do, and what are the circumstances under which it operates?

D. How does the organization determine what matters to include in the integrated report, and how are such
matters quantified or evaluated?

Question: 9When applying the Guiding Principles for an integrated report,

A. Tension may exist between principles.

B. Judgment is not needed.

C. The guidelines must be strictly applied.

D. Challenges should not be encountered.

Question: 10Questions that should be answered in the integrated report are posed in the

A. Content Elements.

B. Capitals as defined by the IIRC.

C. External environment of integrated reporting.

D. Stakeholder needs and interest as part of the IIRC Guiding Principles.

Question: 11According to the <IR> Framework, “An integrated report must include all material matters . . . ”
The relevant Guiding Principle is

A. Consistency and comparability.

B. Reliability and completeness.

C. Materiality.

D. Conciseness.

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Prepared by: Sameh.Y.El-lithy. CMA,CIA
 Question: 12Of the Content Element questions posed in the <IR> Framework, which relates to Outlook?

A. Where does the organization want to go and how does it intend to get there?

B. What challenges and uncertainties is the organization likely to encounter in pursuing its strategy?

C. To what extent has the organization achieved its strategic objectives for the period?

D. How does the organization determine what matters to include in the integrated report?

Question: 13The <IR> Framework includes Content Elements. The organization’s business model is one such
element. A description of the business model in the integrated report includes

A. Identification of dependencies.

B. Outputs such as brand loyalty.

C. Sources of specific risks.

D. Measurement of achievements.

Question: 14Which of the following is a Content Element defined in the Integrated Reporting Framework?

A. The integrated report.

B. Governance.

C. The six capitals.

D. Integrated thinking.

Question: 15Preparing an integrated report presents challenges. What part of the Integrated Reporting
Framework addresses presentation of information in the integrated report?

A. Guiding Principles.

B. Content Elements.

C. Capitals.

D. Fundamental concepts.

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Prepared by: Sameh.Y.El-lithy. CMA,CIA
 Question: 16Is a company required to address all the Content Elements defined in the <IR> Framework?

A. Preparers are expected to use professional judgment to decide which elements should be addressed in the
integrated report.

B. A Content Element may be omitted if the company explains the omission.

C. Content Elements are guidelines that cannot always be applied strictly.

D. All Content Elements should be addressed in the integrated report.

Question: 17“Changes and improvements can be made but should be explained.” This Guiding Principle is

A. Materiality.

B. Conciseness.

C. Consistency and comparability.

D. Reliability and completeness.

Question: 18Which question posed in the <IR> Framework relates to strategy and resource allocation?

A. What challenges and uncertainties is the organization likely to encounter in pursuing its strategy?

B. To what extent has the organization achieved its strategic objectives for the period?

C. How does the organization determine what matters to include in the integrated report?

D. Where does the organization want to go and how does it intend to get there?

Question: 19One of the questions posed in the Integrated Reporting Framework is, “What does the organization
do, and what are the circumstances under which it operates?” An aspect of the related Content Element includes

A. Leadership structure.

B. Mission and vision.

C. Business model.

D. Risks and opportunities

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Prepared by: Sameh.Y.El-lithy. CMA,CIA