Overwhelming response for the 48th Annual Report awards
Registrations for the prestigious Annual Report Awards competition
closed on the 15th of September with an unprecedented 124 entries. It is
the first time that the entries for the competition surpassed the 100
entries threshold, which is a significant increase compared to 98
entries at the 2011 competition.
Organized by the Institute of Chartered Accountants of Sri Lanka (CA
Sri Lanka) for the 48th time, this year's competition is themed 'Looking
Beyond Regulatory Reporting', reflecting on the recent changes in the
environment and trends in annual reporting.
The Annual Report Awards, which has a history spanning four decades,
has set a platform for transparency, accountability and good governance.
The competition, over the years, has emerged as one of the most
celebrated awards ceremonies in the country which aims to recognize and
reward excellence in annual reporting.
Over the past 48 years, CA Sri Lanka has endeavored to raise the bars
of this competition, keeping in tandem with the changes in the
environment. "In post-war-Sri Lanka where the focus has shifted towards
development and economic revival, financial reporting has become a
paramount importance towards economic stability, sustainability of
organizations which would finally contribute to the sustainable
development of the nation," said Sujeewa Rajapakse, President, CA Sri
Lanka.
Tishan Subasinghe, Chairman, Annual Reports Awards Committee 2012
expressing his view on the growing recognition for this competition said
that the increased registrations for the competition is a reflection of
increased significance placed on good governance and transparency, the
very purpose of this competition.
Secretary/CEO of CA Sri Lanka, Aruna Alwis said, "By organizing the
Annual Report Awards competition, CA Sri Lanka fulfills one of its
social responsibilities, as the national body of accountants".
Preliminary marking of the annual reports commenced recently
following a briefing session. At the preliminary round of marking, the
annual reports are evaluated by a panel of over 150 chartered
accountants against a set of criteria.
Following the preliminary making (technical marking), the annual
reports goes through sector wise marking which covers 24 industry
sectors. The final marking is scheduled to be held in late November by
an expert panel of judges and the final awards ceremony is will be held
on December 5, 2012 at Waters Edge Battaramulla. |