Exam (elaborations)
CAS3701 Assignment 6 2024 - DUE 28 June 2024
- Institution
- University Of South Africa (Unisa)
CAS3701 Assignment 6 2024 - DUE 28 June 2024 QUESTIONS WITH ANSWERS
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CAS3701ASSIGNMENT 6 2024 -
DUE 28 JUNE 2024
[Company address]
, 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.
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