ACCT 2178 Contemporary Financial & Integrated Reporting Assessment item 1 - Individual Research Article Review Assignment Assignment Overview You are required to analyse one research article selected...

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Answered Same DayAug 17, 2021ACCT2178

Answer To: ACCT 2178 Contemporary Financial & Integrated Reporting Assessment item 1 - Individual Research...

Sumit answered on Aug 20 2021
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Cover Page
Name:
Topic of Article: What does materiality mean to integrated reporting preparers? An empirical exploration
Part A:
(a). Objective of the Article: The Objective of the article is to understand how the concept
of Materiality
is applied in Integrated Reporting (IR) contest through determining the existing framework of materiality
in companies and understanding who is responsible for setting the materiality levels in a company and
to whom are the materiality addressed in the company.
(b). Relation with Integrated Reporting (IR): Integrated Reporting is the means of communication
through which a company communicates with its stakeholders. It consists of strategy, governance and
performance of the company giving overall short, medium- and long-term plans of a company.
Materiality is an important aspect in the Integrated Reporting (IR) since it acts as a filter for
management to go through the entire financial statements. Materiality assessments often focus on
reporting misstatements (e.g. omissions, errors in estimations), such that many studies and standard
setters recommend using thresholds to define the relevance of such misstatements.
(c). My Interest in the Article: As a finance student, Materiality is one of the concepts which is used in
every aspect of finance (Preparing Financial Statements, Undertaking Audit Assignments etc.). To
properly understand Integrated Reporting, A deep understanding of how materiality levels are set in a
company is necessary to properly evaluate the financial statements of any company.
Part B
(a). Research Questions: The paper helps in better understanding on how the materiality
principle is implemented in the overall Integrated Reporting and to gain a better understanding
about who is responsible for setting the materiality levels in a company and to whom are the materiality
addressed in the company.
(b). Research Methodology Used: Drawing on an interpretation of materiality as a social construction,
the research explores the meaning that practitioners attach to the principle during their implementation
of it. Following an existing framework for exploring materiality in corporate reporting, this study
investigates the meaning by...
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