CESGA ACTUAL EXAM QUESTIONS AND ANSWERS
One of the following is not true for reporting regulations:
a) Reporting standards (Financial, Non-Financial)
b) Government-imposed requirement
c) Compliance is mandatory
d) These reporting regulations specify who, what, when and where has to be reported or
specify the regime/standard that has to be applied
a)
Which of the following is the acronym of the Task Force Climate-related Financial Disclosure?
a) TFCD
b) TCFD
c) TFFD
d) TDCF
b)
What is the main difference between the International Integrated Reporting Council (IIRC)
Framework and other reporting standards?
a) Its management approach disclosures
b) The need to project the company's vision of the future, and not so much its past
performance
c) It focuses on materiality
d) Its strong focus on risks and opportunities related to the
transition to a lower-carbon economy
b)
According to the International Integrated Reporting Council (IIRC) Framework, what is the
first phase in the value creation process?
a) Outputs
,b) Outcomes
c) Input
d) Business activities
c)
According to the International Integrated Reporting Council (IIRC) Framework, the capacity of
an organization to create value will be determined by its:
a) Strategy
b) Business model
c) Environment
d) Stakeholders
b)
What is the role of senior management and those charged with governance in ensuring the
credibility of, and trust in, an integrated report?
a) Those charged with governance are responsible for supervising the financial reporting
process
b) Those charged with governance have ultimate responsibility for how the organization's
strategy, governance and prospects lead to value creation over time
c) Those charged with governance are responsible for managing the reporting process
d) Those charged with governance have ultimate responsibility for defining the organization's
strategy, governance and financial prospects
b)
Indicate which is the voluntary reporting framework most used worldwide.
a) International Integrated Reporting Framework (IIRC)
b) Sustainability Accounting Standards Board (SASB)
c) Task Force on Climate-related Financial Disclosures (TCFD)
d) Global Reporting Initiative (GRI) Standards
d)
, Which of the following statements is true?
a) Individual standards for each Global Reporting Initiative (GRI) Standards have been
organized into 3 series: Economic, Social, and
Governance
b) Individual standards for each Global Reporting Initiative (GRI) Standards have been
organized into 3 series: Economic, Social, and
Environmental.
c) Individual standards for each Global Reporting Initiative (GRI) Standards have been
organized into 3 series: Economic, Environmental, and Governance
d) Individual standards for each Global Reporting Initiative (GRI) Standards have been
organized into 3 series: Environmental, Social, and
Governance
b)
What non-financial reporting initiative provides a set of globally applicable industry-specific
standards that identify the minimal set of financially material sustainability topics and their
associated metrics for the typical company in an industry?
a) The European Federation of Financial Analysts Societies (EFFAS) KPIs
b) The International Integrated Reporting Framework (IIRC)
c) The Global Reporting Initiative (GRI) Standards
d) The Sustainability Accounting Standards Board (SASB)
d)
Which of the following statements is false?
a) Inadequate information about risks can lead to asset mispricing and misallocation of
capital
b) Inadequate information can potentially give rise to concerns about financial stability since
markets may be vulnerable to abrupt corrections
c) In most G20 jurisdictions, companies with public debt or equity have a legal obligation to
disclose material risks in their financial reports
One of the following is not true for reporting regulations:
a) Reporting standards (Financial, Non-Financial)
b) Government-imposed requirement
c) Compliance is mandatory
d) These reporting regulations specify who, what, when and where has to be reported or
specify the regime/standard that has to be applied
a)
Which of the following is the acronym of the Task Force Climate-related Financial Disclosure?
a) TFCD
b) TCFD
c) TFFD
d) TDCF
b)
What is the main difference between the International Integrated Reporting Council (IIRC)
Framework and other reporting standards?
a) Its management approach disclosures
b) The need to project the company's vision of the future, and not so much its past
performance
c) It focuses on materiality
d) Its strong focus on risks and opportunities related to the
transition to a lower-carbon economy
b)
According to the International Integrated Reporting Council (IIRC) Framework, what is the
first phase in the value creation process?
a) Outputs
,b) Outcomes
c) Input
d) Business activities
c)
According to the International Integrated Reporting Council (IIRC) Framework, the capacity of
an organization to create value will be determined by its:
a) Strategy
b) Business model
c) Environment
d) Stakeholders
b)
What is the role of senior management and those charged with governance in ensuring the
credibility of, and trust in, an integrated report?
a) Those charged with governance are responsible for supervising the financial reporting
process
b) Those charged with governance have ultimate responsibility for how the organization's
strategy, governance and prospects lead to value creation over time
c) Those charged with governance are responsible for managing the reporting process
d) Those charged with governance have ultimate responsibility for defining the organization's
strategy, governance and financial prospects
b)
Indicate which is the voluntary reporting framework most used worldwide.
a) International Integrated Reporting Framework (IIRC)
b) Sustainability Accounting Standards Board (SASB)
c) Task Force on Climate-related Financial Disclosures (TCFD)
d) Global Reporting Initiative (GRI) Standards
d)
, Which of the following statements is true?
a) Individual standards for each Global Reporting Initiative (GRI) Standards have been
organized into 3 series: Economic, Social, and
Governance
b) Individual standards for each Global Reporting Initiative (GRI) Standards have been
organized into 3 series: Economic, Social, and
Environmental.
c) Individual standards for each Global Reporting Initiative (GRI) Standards have been
organized into 3 series: Economic, Environmental, and Governance
d) Individual standards for each Global Reporting Initiative (GRI) Standards have been
organized into 3 series: Environmental, Social, and
Governance
b)
What non-financial reporting initiative provides a set of globally applicable industry-specific
standards that identify the minimal set of financially material sustainability topics and their
associated metrics for the typical company in an industry?
a) The European Federation of Financial Analysts Societies (EFFAS) KPIs
b) The International Integrated Reporting Framework (IIRC)
c) The Global Reporting Initiative (GRI) Standards
d) The Sustainability Accounting Standards Board (SASB)
d)
Which of the following statements is false?
a) Inadequate information about risks can lead to asset mispricing and misallocation of
capital
b) Inadequate information can potentially give rise to concerns about financial stability since
markets may be vulnerable to abrupt corrections
c) In most G20 jurisdictions, companies with public debt or equity have a legal obligation to
disclose material risks in their financial reports
