6.3 Guiding Principles and Content Elements of the Integrated Report

Question 1

Questions 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.

Answer 1

A. Content Elements.

Each integrated report should contain the nine Content Elements defined by the <IR> Framework. Each Content Element (except general reporting guidance) includes one question that should be answered in the integrated report.</IR>

Question 2

Which of the following is not an element of the value-creation process?

A. Governance.
B. The integrated report.
C. Strategy and resource allocation.
D. Future outlook.

Answer 2

B. The integrated report.

The integrated report is merely a vehicle to show the value-creation process. Publishing the integrated report and the document itself are not part of the value-creation process.

Question 3

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

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?

Answer 3

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

An integrated report should answer the question about the strategy and resource allocation Content Element as follows: “Where does the organization want to go and how does it intend to get there?”

Question 4

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

A. The Content Elements.
B. The capitals.
C. The Guiding Principles.
D. The fundamental concepts.

Answer 4

C. The Guiding Principles.

The Guiding Principles provide guidance for preparers of integrated reports on how information should be presented. These principles can sometimes conflict (e.g., an integrated report should be both concise and complete). But the concepts discussed, such as materiality, may help preparers make professional judgments while preparing the integrated report.