CMA Excellence in Integrated Reporting Awards on July 5

The Institute of Certified Management Accountants of Sri Lanka (CMA) is organizing the “CMA Excellence in Integrated Reporting Awards 2018” for the fourth consecutive year and the awards ceremony will be held on July 5, 2018 at Cinnamon Lakeside, Colombo.

The key note speaker at this event will be Rachel Grimes, President International Federation of Accountants (IFAC).

The purpose of the Excellence in <IR> Awards is to promote Sri Lankan companies, banks, finance, Insurance, hotels, plantations, conglomerates, industry and commerce, non - profit making institutions in education, chambers of commerce, companies listed on the stock exchange, unlisted companies, state owned enterprises, small and medium sector to undertake Integrated Reporting which will be of immense benefit to investors and stakeholders. The International Integrated Reporting Council (IIRC) the world body has issued the <IR> framework in December 2013. The International Integrated Reporting Council (IIRC) is a global coalition of regulators, investors, companies, standard setters, the International Federation of Accountants (IFAC) which includes the accounting profession and NGOs. The coalition is promoting a more cohesive and efficient approach to corporate business reporting as well as to improve the quality of information available to shareholders,communication about value creation as the next step in the evolution of corporate reporting.

This year CMA Excellence in Integrated Reporting Awards has the Colombo Stock Exchange (CSE) as its Supporting Partner. With this linkage we are hopeful will have a positive impact in promoting Integrated Reporting among public quoted companies and its implementation. The International President of IFAC, Rachel Grimes in her message for the CMA Excellence in <IR> Awards 2018 has stated: “In today’s technology driven environment, the evolving demands of organizations and citizens require professional accountants to contribute to the management and reporting of value creation in a way that drives both growth and corporate responsibility.” “The future accountant needs to provide information and analysis that supports decisions about all aspects of an organisation. A professional accountant in business or the public sector needs to be able to answer the question, ‘What is driving value creation and preservation in the present and future, and how is my organization responding to opportunities and risks?’.”