Write a report in around 2500 words in which you have to research the issue and critically evaluate the introduction. The report must comprise the position and discussion with reference to the educational journal articles. It must comprised the appendices, executive summary and all formal stuff for the report. The report must write at least 2 RELEVANT THEORIES and critically state the BENEFITS and CHALLENGES and RISKS. Lastly, clearly stated the position.
This assessment task is designed to assist you in developing collaborative, interpersonal, negotiation, and problem solving skills. Specifically, you are able to pool knowledge and skills, share diverse perspectives, refine understanding through discussion, and learn and work more effectively to critically assess influences on a contemporary issue in financial reporting and disclosure. It also provides youwith an opportunity to further enhance your research, judgement,knowledge application, and communication skills.
BACKGROUND: Issue to be investigated: Reporting of Material Sustainability Risks
You are a team of graduate accountants in a company listed on the ASX200. Your team is currently appointed to investigate and report on the following issue to theBoard of Directors.
In 2014, the Australian Securities Exchange (ASX) released version three of its Corporate Governance Principles and Recommendations. Entities need to prepare a statement responding to the Principles and Recommendations or explain why not in accordance with theif not, why not approach.One of the key changes, as detailed in Recommendation 7.4, now requires “a listed entity to disclose whether it has any material exposure to economic, environmental and social sustainability risks and, if it does, how it manages or intends to manage those risks” (ASX, 2014, p.30).
*The Australian Securities Exchange (ASX). (2014). 3rd EditionCorporate Governance Principles and Recommendations. ASX: Australia.
QUESTION: Specific requirements and guidelines:
Prepare aresearch report to the Board of Directors focusing on the challenges or risks and benefits of implementing Recommendation. In this report, you have to research the issue and critically evaluate the introduction of Recommendation.
a) The task must comprise Word limit of 2,500 words (excluding executive summary, references and any appendices).
b) Use a minimum of 10 academic journal articles. The given is an illustration of academic journal article which gives some background information to help your team when completing this assignment:
Higgins, C., Milne, M.J., & van Gramberg B. (2015). The uptake of sustainability reporting in Australia.Journal of Business Ethics, 129(2), 445-468.