Last Updated: Aug 16, 2026
No. of Questions: 42 Questions & Answers with Testing Engine
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Introduction to ESRS and Regulatory Context | 15% | - Relationship between GRI Standards and ESRS - Scope and application of ESRS requirements - Overview of CSRD and ESRS |
| Topic 2: Double Materiality Assessment | 20% | - Principles and definitions of double materiality - Process for identifying impacts, risks and opportunities - Assessment methodologies and documentation |
| Topic 3: ESRS Cross-Cutting Standards (ESRS 1 & ESRS 2) | 25% | - Governance, strategy and risk management - General requirements and disclosures - Measurement, reporting and assurance principles |
| Topic 4: ESRS Topic Standards – Social (S) | 15% | - Human rights, labor standards and social protection - Workers in the undertaking, value chain and affected communities |
| Topic 5: ESRS Topic Standards – Environmental (E) | 15% | - Climate change, pollution, water and biodiversity - Resource use and circular economy |
| Topic 6: ESRS Topic Standards – Governance (G) | 10% | - Corporate governance, ethics and anti-corruption - Stakeholder engagement and compliance |
1. Which of the following is true about setting thresholds for financial materiality under the ESRS?
A) Reputational risks cannot be considered financially material.
B) Thresholds should focus exclusively on the short-term time horizon.
C) Financial materiality thresholds are based on the likelihood of occurrence and the potential magnitude of financial effects.
D) Organizations should only use monetary thresholds, such as revenue or costs.
2. Which of the following statements about the CSRD reporting mandate are correct? Select all that apply.
A) The CSRD requires a double materiality assessment to be conducted for sustainability reporting.
B) The CSRD only applies to companies headquartered in the EU.
C) The organizations reporting under the CSRD do not need to report value chain information.
D) The CSRD is tied to other EU legislation which companies subject to the CSRD may need to comply with.
E) The CSRD mandate does not require external assurance for sustainability reporting.
F) The organizations reporting under the CSRD need to follow a specific reporting format.
3. How do the ESRS define stakeholders?
A) Those who can support or benefit from the undertaking.
B) Those who can influence or contribute to the undertaking.
C) Those who can affect or be affected by the undertaking.
4. Which of the following are key characteristics of an internal control for assurance purposes? Select all that apply.
A) The results of the activity do not need to be documented each time it is performed.
B) The activity must be documented and implemented according to the agreed timing.
C) The activity must be able to be 'tested' by the external assurance provider.
D) The activity can be carried out by the same staff who collected, calculated, or consolidated the information.
5. Indicate whether the following statement is true or false.
The goal of assurance is to confirm the reliability of information related to an organization's sustainability risks, how these risks are managed and reduced, and the organization's performance data.
A) False
B) True
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A,D,F | Question # 3 Answer: C | Question # 4 Answer: B,C | Question # 5 Answer: B |
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