CMA workshop on ‘Integrated Reporting – Practical Aspects’ on 28 February

The Institute of Certified Management Accountants of Sri Lanka (CMA) has organised a workshop on ‘Integrated Reporting – Practical Aspects,’ which will be held on 28 February (Tuesday), at Taj Samudra, Colombo from 1:30 p.m. to 5 p.m. 

This workshop will enable companies preparing Integrated Reports <IR> to achieve excellence, improve their reports and enter the CMA Excellence in <IR> Awards which will be held in July this year at the inauguration of the Annual Conference. The Ten Best <IR> will receive awards together with the Overall Winner and Runner Up. A special award will also be made for the most concise report.  

<IR> is enhancing the way organisations think, plan and report the value creation story of their business and will be based on the IIRC Reporting Framework.

Organisations are using <IR> to communicate a clear, concise, integrated story that explains how all of their resources are creating value. <IR> is helping businesses to think holistically about their strategy and plans, make informed decisions and manage key risks to build investor and stakeholder confidence and improve future performance. It is shaped by a diverse coalition including business leaders and investors to drive a global evolution in corporate reporting.

<IR> applies principles and concepts that are focused on bringing greater cohesion and efficiency to the reporting process, and adopting ‘Integrated Thinking’ as a way of breaking down internal silos and reducing duplication. It improves the quality of information available to providers of financial capital to enable a more efficient and productive allocation of capital. Its focus on value creation, and the ‘capitals’ used by the business to create value over time, contributes towards a more financially stable global economy.

The purpose of the <IR> Framework is to establish Guiding Principles and Content Elements that govern the overall content of an integrated report, and to explain the Fundamental Concepts that underpin them. (Source: http://integratedreporting.org/resource/international-ir-framework/)

In order to assist companies in the preparation of Integrated Reports CMA is organising this workshop to give participants an overview of the process and practical aspects of preparing an Integrated Report  followed by a panel discussion by experts in <IR>to enable participants to solve their practical problems in the preparation of <IR>. 

The welcome address and introduction to the workshop and Excellence in <IR> Awards will be delivered by Prof. Lakshman R. Watawala, President of CMA. Keynote address on ‘Understanding <IR>’ will be delivered by Suresh Gooneratne, Chief Financial Officer at Diesel & Motor Engineering PLC (DIMO), who has been closely involved with the Integrated Reporting Council and was the only Sri Lankan company engaged in the IIRC Pilot Study and has won many awards at the Integrated Reporting Awards both locally and internationally. 

The workshop will be followed with a panel discussion which will moderated by Asite Talwatte, Chairman of  Management Systems Ltd. and Board of Mgt. of Integrated Reporting Council of Sri Lanka with the keynote speaker Suresh Gooneratne together with the following experts on Integrated Reporting as the panelists which include Prof. Samanthi Senaratne, Department of Accounting ,University of Sri Jayewardenepura, D.S.W. Andradi –former Partner, SJMS Associates, Kusal Nissanka – Head of Finance, Colombo Stock Exchange, Prashantha Abeykoon – Chairman/Principal Consultant (Founder Director), Management Frontiers, Sutheash Balasubramaniam – Director, UN Global Compact Network (GTE) Ltd. and Aruni Rajakariar – Director – SheConsults Ltd.

Participants will also have an opportunity to obtain clarifications and direct questions to the speaker and panelists. 

Those interested to register please contact Shanthi Maheswaran on 0714 70 55 36 or e-mail: [email protected].