Question: 1. What do you understand by integrated reporting and what issues should an Integrated Report embrace? [6 marks] 2. Historical cost accounting would suggest that

1. What do you understand by integrated reporting and what issues should an Integrated Report embrace? [6 marks]

2. Historical cost accounting would suggest that items included in reports prepared by accountants should be supported by contracts and be capable of measurement in dollars. If accountants are to prepare Integrated Reports do you believe this 'traditional' view would be able to be implemented? Discuss in the context of measurement. Provide examples. [6 marks]

3. Do you believe the accounting profession is equipped to deal with the issues that need to be considered in an Integrated Report? Discuss, and suggest whether you believe this has implications for training accountants? [6 marks]

4. Do elements within an Integrated Report (in fact, even within the historical cost framework itself) introduce a degree of subjectivity into the accounting process? Could this affect performance measurement? How might this be addressed? [6 marks]

5. If higher degrees of subjectivity are believed to be present (or are present) in new forms of reporting will ethical behaviour (and transparency) become even more important? Discuss.

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