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In the context of integrated reporting: i. Discuss any two components of an integrated report. ii. Explain four guiding principles that underpin the preparation of an integrated...

      

In the context of integrated reporting:

i. Discuss any two components of an integrated report.

ii. Explain four guiding principles that underpin the preparation of an integrated report.

  

Answers


Martin
(i) Components of an Integrated Report;
- Financial statements
These should be prepared in accordance with IFRSs and audited to provide
reasonable assurance in accordance with the international assurance standards.
- Sustainability report
This covers a combination of environmental, social and governance matters. This is
prepared in accordance with a recognized framework such as GRI (Global Reporting
Initiative) and audited to provide at least limited assurance over key indicators.
- Governance report
This should be tailored along the guidelines offered by an accepted governance code.

ii) Strategic focus
An integrated report provides insight into the organizations strategic objectives and
how those objectives relate to its ability to create and sustain value over time and the
resources and relationships on which the organization depends.
- Connectivity of information
An integrated report shows the connections between the different components of the
organization's business model, external factors that affect the organization and the
various resources and relationships on which the organization and its performance
depend.
- Future orientation
An integrated report includes management expectations about the future as well as
other information to help report users understand and assess the organization's
prospects and the uncertainties it faces.
- Responsiveness and stakeholder inclusiveness
An integrated report provides insight into the organization's relationship with its key
stakeholders and how and to what extent the organization understands, takes into
account and responds to their needs.
- Conciseness, reliability and materiality
An integrated report 'provides concise, reliable information that is material to
assessing the organization's ability to; create and sustain value in the short, medium
and long-term.
marto answered the question on February 15, 2019 at 07:18


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