The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is now accepting applications for the coveted 53rd Annual Report Awards Competition from companies producing annual reports. The competition will honour the most cohesive, clear and customized annual reports that better reflect an entity’s operations, whilst going beyond their statutory boundaries of reporting
With a history spanning over half a century, the Annual Report Awards (ARA) has created an important benchmark as a competition that promotes the core elements of transparency, social responsibility and good governance.
The ARA has helped organisations from multinationals, conglomerates, NGOs, to even SMEs improve transparency and accountability in financial reporting, while also enhancing Sri Lanka’s reporting standards in line with best global practices.
The competition will revolve around the theme “Quintessence of Eminence” this year. Entries for the 53rd Annual Report Awards Competition will close on 31st August 2017.
Organisations, from small time community groups to large scale conglomerates representing 25 sectors including banking institutions, state banks, diversified holdings, finance companies & leasing companies, food & beverages companies, healthcare institutions, trading companies, hotel companies, insurance companies, land & property companies, manufacturing companies, motor companies, service organisations, telecommunication companies, unit trusts, media & entertainment, state corporations and statutory boards, plantation companies, construction companies, power & energy companies, not-for-profit organisations (NPOs) including non-governmental organisations (NGOs) and small and medium sized entities, can vie for honours at this year’s competition.
Apart from the overall winners and the winners under each respective category, the competition will also reward organisations for Corporate Governance Disclosure, Corporate Social Responsibility Reporting, Management Commentary, Integrated Reporting, Integrated Reporting – Best Disclosure on Capital Management and Integrated Reporting – Best Disclosure on Business Model.