CESGA Module 5 QUESTIONS AND ANSWERS
LATEST UPDATE 2025/2026
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
LATEST UPDATE 2025/2026
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
