Course for Analysts

Course for Analysts

9.2 Materiality and Completeness assessment in NFIR

Video Tutorial: Key Concepts In-depth – Completeness Analysis

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STEP 1: “Presentation Unit 9.1_Materiality and Completeness” and “Video Tutorial: Key Concepts In-depth – Completeness Analysis”

The presentation for unit 9.2 and the corresponding video tutorial intend to build up on the content delivered in Module 2 and Module 4 by providing in-depth information on NFIR key concepts and analysis methods.

It is especially important to stress that:

  1. Materiality and Completeness are two very important reporting principles. Assessing both and especially the way that they have been addressed in a NFIR, provides information regarding the quality and credibility of that NFIR.
  2. With regard to the single topics, please refer to “Trainer Notes Unit 9.1_Materiality and Completeness” for the rest of the presentation.

STEP 2: “Group exercise Unit 9.2 Materiality assessment”

The exercise is intended to introduce lerarners into the assessment of a materiality process.

  1. Read “Material for Group exercise Unit 9.2_Materiality assessment” and choose one out of the four materiality examples.
  2. Answer the following questions:
    1. How reliable and comprehensive is the methodology that was used for the materiality process?
    2. How were stakeholders engaged in the materiality process? (channels of engagement)
    3. How are needs and concerns refelected in the materiality process? (outcomes of engagement)
    4. Is the materiality assessment based on impact assessment?
  3. List the major strenghts and weaknesses of the materiality process.
  4. Try to complete the task in 50 minutes.

Please note:

  • The “Material for Group exercise Unit 9.2_Materiality assessment” provides four examples of a materiality assessment by four companies from different countries and sectors (Carlsberg Group 2016, Intesa SanPaolo 2017, Teck 2017 and Thales 2017) that can used, however learners are encouraged to research and use own examples.
  • If you are from a company that is obliged to produce a NFIR, use the materiality matrix from that company.

 

Materials for unit 9.2:

Presentation Unit 9.2 Materiality and Completeness assessment

Trainer Notes Unit 9.2_Materiality and Completeness

Material for Group exercise Unit 9.2_Materiality assessment

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