Exam (elaborations)
CAS3701 Assignment 6 2024 - DUE 28 June 2024
- Institution
- University Of South Africa
CAS3701 Assignment 6 2024 - DUE 28 June 2024
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[Date]CAS3701 Assignment
6 2024 - DUE 28
June 2024
QUESTIONS AND ANSWERS
, CAS3701 Assignment 6 2024 - DUE 28 June 2024
Part 1
The seven guiding principles of the Integrated Reporting Framework (IRF)
which impact the presentation of the Intergrated Report are as follows: -
Strategic focus and future orientation - Connectivity of information -
Stakeholder relationships - Materiality - Conciseness - Reliability and
completeness - Consistency and comparability The qualitative characteristics
of the IFRS Conceptual Framework (IFRS) which impact the presentation of
the annual financial statement (AFS) are as follows: - Relevance - Faithful
Representation - Comparability - Verifiability - Timeliness -
Understandability The Integrated Reporting Framework is mainly concerned
with the presentation of an entity’s financial and non-financial information in
the integrated report of a company which communicates its value creation
process. However, the IFRS Conceptual Framework is mainly concerned with
the presentation of an entity’s financial information in the AFS. Required:
Select the Intergrated Report including the financial statements (AFS) of a
JSE-listed (Johannesburg Stock Exchange | JSE) company of your choice. The
Integrated Report and AFS should be for the financial year ending 2022.
1. Compare and/or contrast any of the seven guiding principles of the
Integrated Reporting Framework (IRF) with any one of the qualitative
characteristics of the IFRS Conceptual Framework (IFRS). Your comparison
and contrast must be practically applied using actual examples from the 2022
Integrated Report and AFS your group selected. In your solution cover the
following topics as your headings: - Remuneration - Accuracy of information -
Sustainability issues - Whether the information reflects the needs of the users
of the Integrated Report and AFS.
2. Provide a conclusion on the comparison made between the chosen guiding
principles and the qualitative characteristics under 1 above Part 2 The United
Nations Sustainable Development Goals (UN SDGs) and the principles of the
United Nations Global Compact that companies should follow in adopting the
UN SDGs, are presented below.
Part 2:
Addressing the UN SDGs and UN Global Compact Principles
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