ICPAU to hold 11 th edition of financial reporting awards

Kampala, Uganda | Julius Businge | The Institute of Certified Public Accountants of Uganda is teaming up with the Capital Markets Authority, the Uganda Securities Exchange and the Vision Group to hold the 11th edition of the Financial Reporting (FiRe) Awards, executives said on June 15 at a virtual press conference.

Introduced in 2011, the FiRe Awards are an annual ceremony through which excellence in financial reporting is recognized and rewarded. Organisations in the private, public and Non-Governmental Organisations sectors participate by submission of their annual reports for the year under review.

The best performers are rewarded based on their level of compliance with international financial reporting standards.

The theme of the 11th edition is Integrated Reporting: Building Blocks for Stakeholder Confidence.

Over the past 2 years, emphasis has been placed on Integrated Reporting, a global reporting framework which places emphasis on addressing the information needs of investors by demonstrating in detail how financial, manufactured, intellectual, human, social and natural resources are used to create value for investors.

Stephen Ineget (CPA), the chairperson organising committee said entries are open until Oct.08. The Awards ceremony will take place on November 10, 2021.

“We want to add value to your business,” he said, “2021 will even be better than 2020,” he added.

This year’s edition will evaluate the 2020 annual reports and related issues.

Since inception, a cumulative number of 739 organisations have participated in the Awards, according to ICPAU data.