Question five was the least popular question of the three optional questions, which is unlike previous sittings. It seems that many candidates did not study this area of the syllabus specifically and therefore could not answer the question.

Normally, where this question was attempted, it was done well. Quite a number of candidates were able to discuss what TBL reporting involves, giving relevant examples of proxies and how TBL reporting helps management to focus on improving financial strength of the company. However, some candidates repeated points that had previously been made, gaining few marks.