CAS3701 Assignment 6 2024

Assessment 6 - PART B – CASE STUDY
Due date – 28 June 2024


This is a group assessment and must be completed by all members of the group.


NOTE THE FOLLOWING SUBMISSION INSTRUCTIONS


1. All submissions must be typed.
2. Use Font Arial and Font size 11
3. References should be made to page numbers in the <IR> and AFS.
4. Provide a list of references used, in line with the Harvard Referencing method.


Part 1


The seven guiding principles of the Integrated Reporting Framework (IRF) which impact
the presentation of the <IR> 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 <IR> including the financial statements (AFS) of a JSE-listed (Johannesburg
Stock Exchange | JSE) company of your choice.
The <IR> 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 <IR> 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 <IR> and AFS.




Company


Sasol Limited
For this case study, we have selected Sasol Limited, a prominent JSE-listed company, for
our analysis. We will compare and contrast the guiding principles of the Integrated
Reporting Framework (IRF) with the qualitative characteristics of the IFRS Conceptual
Framework using actual examples from Sasol’s 2022 Integrated Report (<IR>) and
Annual Financial Statements (AFS).


Remuneration
IRF Principle: Connectivity of Information
IFRS Qualitative Characteristic: Understandability