CESGA Module 5 with correct answers 100%

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 - Correct Answersa)



Which of the following is the acronym of the Task Force Climate-related Financial Disclosure?

a) TFCD

b) TCFD

c) TFFD

d) TDCF - Correct Answersb)



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 - Correct Answersb)



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 - Correct Answersc)

,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 - Correct Answersb)



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 - Correct Answersb)



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 - Correct Answersd)



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 - Correct Answersb)



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) - Correct Answersd)



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

d) The Task Force on Climaterelated Financial Disclosures (TCFD) is a compulsory framework for
disclosing climate-related financial risks - Correct Answersd)



The Task Force on Climate-related Financial Disclosures (TCFD)...

a) Developed four widely adoptable recommendations, with a strong focus on financial risks and
opportunities, which are applicable to organizations across sectors and jurisdictions

b) Developed four recommendations with a strong focus on financial risks and opportunities, only
applicable to financial sector organizations. These recommendations are not adoptable for organizations
across sectors and jurisdictions

c) Developed four widely adoptable recommendations on climate-related financial disclosures that are
applicable to organizations across sectors and jurisdictions

d) Developed four recommendations on climaterelated financial disclosures only applicable to financial
sector organizations. These