Because the learning in FBRH's full academic preparation for the ESRS Professional Certification Exam is so intense, we strive to help participants reinforce the knowledge they have gained. Everyone who takes the full preparation process gains access to the exclusive FBRH ESRS mock exam. Test your knowledge with this free sample!
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Question 1 of 12
Digital reporting ensures that all sustainability disclosures are fully automated and eliminates the need for human-readable reports like PDFs.
True
False
Question 2 of 12
What is the primary purpose of the ESRS Taxonomy?
To generate new sustainability data
To ensure sustainability data is tagged and standardized
To replace financial reporting frameworks
To create narrative sustainability reports
Question 3 of 12
Sustainability reporting has shifted from focusing solely on financial indicators to incorporating a broader range of factors, including societal impact and long-term viability.
Question 4 of 12
What does double materiality encompass in sustainability reporting?
Only financial effects on the company
Only social and environmental impacts
Both financial effects and impacts on society and the environment
Neither financial nor environmental impacts
Question 5 of 12
To comply with the external assurance mandate of the CSRD, assurance providers will need to review the entire sustainability statement, rather than just selected data points as in regular limited assurance engagement.
Question 6 of 12
Select the correct statements about data collection and ESRS requirements.
(Select all that apply)
Your organization can continue collecting the same data used in previous non-ESRS reporting
Most data required by the ESRS is qualitative
You may need to report on topics and data points not previously covered
ESRS reporting allows organizations to exclude certain data points if they are too difficult or costly to collect
Question 7 of 12
All organizations share the same impacts, risks, and opportunities when it comes to sustainable development, so their sustainability reporting doesn’t have to be tailored.
Question 8 of 12
The ESRS:
Leverage established international sustainability reporting instruments
Require consideration of both impact and sustainability-related financial materiality
Reflect all potential impacts, risks, and opportunities that an organization may have on sustainable development
Question 9 of 12
KPMG research shows that a growing number of organizations are obtaining assurance for some or all of their sustainability disclosures.
Question 10 of 12
Select the correct statements about levels of assurance.
Limited assurance involves a more comprehensive review of the data compared to reasonable assurance
Reasonable assurance is typically more time-consuming and costly than limited assurance
Limited assurance typically involves procedures such as inquiries and analytical procedures, rather than full testing of data
Question 11 of 12
Effectively implementing stakeholder engagement in organizational management provides benefits that go beyond the sustainability reporting process including, but not limited to, enhanced risk identification.
Question 12 of 12
Which of the following best describes the role of meaningful stakeholder engagement in the sustainability reporting process?
It is an optional step that organizations can choose to include if they have the resources
It is a superficial interaction that doesn't significantly impact the quality of the sustainability report
It ensures that the sustainability report reflects diverse perspectives, fosters trust, and enables better decision-making
It primarily focuses on showcasing the organization's achievements rather than incorporating stakeholder feedback