CMA Excellence in Integrated Reporting Awards 2018

• To recognise Private and Public Sector Integrated Annual Reports on 5 July

 The Institute of Certified Management Accountants of Sri Lanka (CMA) Awards presentation for the “CMA Excellence in Integrated Reporting Awards 2018” for the fourth consecutive year will be held under the distinguished patronage of Karu Jayasuriya Speaker of Parliament, Rishad Bathiudeen Minister of Industry and Commerce, President of the International Federation of Accountants Rachel Grimes and Prof. Ho Yew Kee and an eminent panel of judges on 5 July at Cinnamon Lakeside, Colombo. 

The Awards ceremony will be preceded by the CMA Global Management Accounting Conference on the theme “Integrated Reporting – The future of Corporate Reporting” a valuable conference on integrated reporting for corporate leaders Including Chairmen, Directors, CEOs, CFOs and those engaged in the preparation of Integrated Reporting addressed by global experts on the subject.

This year’s IR Awards has been strengthened by the participation of the Colombo Stock Exchange (CSE) showing the great importance of Integrated Reporting to the shareholders and other stakeholders of Public quoted Companies. 

International Recognition for the IR Awards has been received with the President of International Federation of Accountants (IFAC) Rachael Grimes participation as the keynote Speaker and the International Integrated Reporting Council (IIRC) represented by Vrushali Gaud India Advisor of IIRC. 

The evaluation of the Integrated Reports has been carried out as per the <IR> framework issued by the International Integrated Reporting Council (IIRC) issued in December 2013 by the world body. This supported by an eminent panel of evaluators. 

The Judges for the <IR> Awards panel will be chaired by Prof. Ho Yew Kee Former Prof. of Accounting National University of Singapore currently Prof. of accounting Singapore Institute of Technology and supported by Graham Terry Ambassador of IIRC from South Africa and include international experts on <IR> from UK, USA, Canada, Singapore, South Africa, India 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. 

The importance of Integrated Reporting as defined by the International Integrated reporting Council states that an integrated report is a concise communication about how an organisation’s strategy, governance, performance and prospects, in the context of its external environment, lead to the creation of value over the short, medium and long term. 

The primary purpose of an integrated report is to explain to providers of financial capital how an organisation creates value over time. It therefore contains relevant information, both financial and non-financial. An integrated report benefits all stakeholders interested in an organisation’s ability to create value over time, including employees, customers, suppliers, business partners, local communities, legislators, regulators and policy-makers. 

This year CMA has opened this competition to a wide range of business sectors and provides around 30 awards and certificates to the overall winners, 1st and 2nd runner up, 10 Excellence in Integrated Reporting Awards, Sector Awards, Merit Awards, Special Awards and Certificates of Merit.

For any further information please contact Jinandi on 011-2506391 (Ext. 154) – 011-3158050, 0715341912 or at [email protected].