PRESS RELEASE -The 2nd financial reporting awards in Rwanda (Fire awards 2019), 16-18 October 2019, Hillview Hotel-Rubavu.
THEME: “Embracing Excellence via Enhanced Financial Reporting in Rwanda”.
Kigali-Rwanda, 19 July 2019- Following the successful first-ever Financial Reporting Awards, held at the Lake Kivu Serena Kivu Hotel, alongside the 7th ICPAR annual conference of October 2018, where best financial reports were awarded, The institute of certified public accountants of Rwanda (ICPAR) in partnership with: Ministry of Finance and Economic Planning (MINECOFIN); Office of the Auditor General (OAG); and Capital Market Authority (CMA) are delighted to introduce the 2nd Financial Reporting Awards (FIREAWARDS) in Rwanda.
Over the years, it has become clear that financial statements on their own do not tell the whole story of the organizations’ performance. This has necessitated organizations to prepare integrated reports that on top of financials, include aspects such as environmental impact; corporate social responsibility; corporate governance; management accounts, among others.
The objective of the FIREAWARDS therefore, is to promote a strong financial reporting culture, which in return will lead to improved accountability, integrity and transparency essential for laying a foundation for sound corporate governance; a main pillar in Rwanda’s current National Strategy for Transformation (NST1).
The awards are open to all Rwandan based organizations that prepare financial statements. The awards will provide an opportunity for organizations to showcase their efforts in regard to corporate reporting, provide a benchmark for various organizations to emulate, demonstrate good corporate governance and provide improved information to various stakeholders.
All participants will receive feedback towards their performance from a team of independent experts across the entire process and we believe this will go a long way in providing insights into the best performers, encouraging them to share trends and help to spread leading practices thereby enhancing overall performance, whilst the market benefiting through improved quality reporting.
All interested entities are strongly encouraged to submit their entries v not later than 30th August 2019 to facilitate on-time evaluation and assessment of the financial statements. Private companies will submit their audited accounts as at 31th December 2018, while Public sector entities should submit as at 30th June 2018. However, any organization that may have a different accounting period, should submit their accounts as at end of their financial year, 2018.
For further information, please contact us at +250788997749 or by email email@example.com.