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Last Updated: Aug 03, 2026
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| Section | Objectives |
|---|---|
| Topic 1: Digital Reporting under the CSRD | |
| Topic 2: Preparing for External Assurance for ESRS Reporting | |
| Topic 3: How to Collect and Report Material Information under the ESRS | |
| Topic 4: Stakeholder Engagement for ESRS Reporting | |
| Topic 5: Introduction to the CSRD and Reporting with the ESRS | |
| Topic 6: Double Materiality Assessment under the ESRS |
1. Select all the correct steps for conducting a double materiality assessment based on the ESRS.
A) ESRS 2 requires the use of IRO-1 to report on the organization's process for identifying impacts, risks, and opportunities.
B) Compare the identified material topics with the list in ESRS 1 Application Requirement 16.
C) SBM-3 outlines disclosure requirements on the material impacts, risks, and opportunities resulting from the materiality assessment.
D) Double materiality assessments are not required for organizations following the ESRS.
E) Entity-specific disclosures must be developed only for impacts covered by ESRS.
F) Only financial materiality should be considered when conducting the assessment.
2. Which principles are essential for incorporating information by reference in the sustainability statement?
A) The referenced information must be clearly identified in the original document.
B) It must comply with digitalization requirements.
C) It must meet the same level of assurance as the sustainability statement.
D) It can be published later than the management report.
3. Which of the following are key characteristics of an internal control for assurance purposes? Select all that apply.
A) The results of the activity do not need to be documented each time it is performed.
B) The activity must be able to be 'tested' by the external assurance provider.
C) The activity can be carried out by the same staff who collected, calculated, or consolidated the information.
D) The activity must be documented and implemented according to the agreed timing.
4. Indicate whether the following statement is true or false.
The goal of assurance is to confirm the reliability of information related to an organization's sustainability risks, how these risks are managed and reduced, and the organization's performance data.
A) True
B) False
5. Which of the following correctly fills the gaps in the paragraph below?
Under the ESRS, engagement with affected stakeholders is a core element of __________. The outcome of the due diligence process informs __________. The ESRS encourage further engagement with stakeholders to collect their input and feedback on the organization's conclusions regarding __________.
A) due diligence; the materiality assessment; the material impacts, risks, and opportunities
B) the material impacts, risks, and opportunities; due diligence; the materiality assessment
C) the materiality assessment; due diligence; the material impacts, risks, and opportunities
D) the materiality assessment; the material impacts, risks, and opportunities; due diligence
Solutions:
| Question # 1 Answer: A,B,C | Question # 2 Answer: A,B,C | Question # 3 Answer: B,D | Question # 4 Answer: A | Question # 5 Answer: A |
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