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The Institute of Certified Management Accountants of Sri Lanka (CMA) has the pleasure in inviting all Sri Lankan business institutions, including private and public quoted companies, State-owned enterprises, and small and medium enterprises to apply for the CMA Excellence in Integrated Reporting Awards 2019 competition, organised for the 5th consecutive year. The awards ceremony will be held on 9thSeptember 2019 at Hotel Taj Samudra in line with the ‘CMA National Management Accounting Conference 2019 and Commonwealth Accountants Conference’.
The closing dates for submission of applications are as follows:
n21 June 2019 – Institutions whose financial year ends on 31 December 2018, which includes Banks and other institutions
n12th July 2019 – Institutions whose financial year ends on 31 March 2019
This year, much recognition has been given to Integrated Reporting, with the Colombo Stock Exchange (CSE) being the Supporting Partner for the CMA Excellence in Integrated Reporting Awards and Deakin Business School sponsoring the ‘Merit Award for Integrated Thinking’.
International recognition has been received for this flagship event, with International Federation of Accountants (IFAC) President Dr. In-Ki Joo as well as International Integrated Reporting Council (IIRC) London and the Global Reporting Initiative (GRI) Amsterdam Chair Emeritus, Private Sector Advisory Group to the World Bank on Corporate Governance member, former Judge of the Supreme Court of South Africa, and African Integrated Reporting Council and Integrated Reporting Committee of South Africa Chair Prof. Mervyn E. King, along with IIRC CEO Richard Howitt, providing messages and supporting the CMA Excellence in Integrated Reporting Awards 2019. IIRC Ambassador from South Africa and former SAICA Senior Executive for Strategy and Thought Leadership Graham Terry has been nominated to represent IIRC, in addition to his role as a Judge and Technical Advisor to CMA Excellence in Integrated Reporting Awards competition since its inception.
The panel of Judges will be chaired by Singapore Institute of Technology (SIT) Associate Provost (Skills Future and Staff Development), Professor of Accounting, and former University of Singapore Professor in Accounting Prof. Ho Yew Kee, and will include international experts on Integrated Reporting from UK, Singapore, South Africa, India, Australia, and Sri Lanka, giving due recognition to Sri Lanka as a leading country that has implemented Integrated Reporting on a voluntary basis, whereas it is mandatory in countries such as South Africa and more recently in India.
This year, CMA has expanded this competition to a wide range of business sectors, and the categories of awards are as follows:
10 Best Integrated Reporting Awards
Sector Awards
Special Awards
The evaluation will be carried out as per the Integrated Reporting framework issued by the International Integrated Reporting Council (IIRC), issued in December 2013.
A combination of Integrated Thinking and Integrated Reporting will result in the preparation of a concise integrated report, and how an organisation’s strategy, governance, performance and prospects in the context of its external environment lead to the creation of value in the short, medium and long-term. It is designed to benefit all stakeholders – including employees, customers, suppliers, business partners, local communities, regulators and policy makers interested in an organisation’s ability to create value over time.
A key objective of Integrated Reporting is to enhance accountability and stewardship with respect to the broad base of tangible and intangible capitals, and promote understanding of their interdependencies. Integrated Reporting will also promote the United Nations Sustainable Development Goals for fighting poverty, promoting sustainable development and improving global and local well-being.
For any further information or clarifications, please contact Jinandi Chandraratne, on 011-2506391 (Ext. 154) or at [email protected].
