You are the CAE of Sasol. At the executive committee $($EXCO$)$ meeting, the chairperson of the audit committee is still uncertain about the concept of integrated reporting, the need for it and the type of assurance internal audit can provide in terms of integrated reporting $($IR$).$ You provide the following roles as examples to the audit committee:

a$)$ Giving assurance on the IR processes

b$)$ Championing the establishment of IR

c$)$ Challenging the organisation's reporting strategy

d$)$ Setting materiality levels.

e$)$ Accountability for IR$.$

f$)$ Monitoring progress against the targets set by those in charge of governance.

g$)$ Facilitating the design of a systematic approach to IR$.$

REQUIRED

Marks

$1\mathrm{.}1$ Discuss the concept of integrated reporting, the need for it and essentially what it entails. $5$

$1\mathrm{.}2$ From SASOL's integrated report, list the stakeholders of SASOL. $5$

$1\mathrm{.}3$ Integrated reporting uses triple bottom line reporting and the six capitals in their reporting. From SASOL's integrated report, list three reported items each for people, profit and planet. $9$

$1\mathrm{.}4$ SASOL provides integrated reports and sustainability reports. Discuss how integrated reports are different from sustainability reports. $4$

$1\mathrm{.}5$ For the abovementioned roles $($a$-$g$),$ classify each role as one of the following:

$-$Core internal audit role, or

$-$Legitimate internal audit role with safeguards, or

$-$Roles internal audit should not undertake.