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.
This year much recognition has been given to Integrated Reporting with the Colombo Stock Exchange (CSE) being the supporting partner for CMA excellence in Awards.
Further, International Recognition has been received with the President of International Federation of Accountants (IFAC) Rachael Grimes accepting the invitation to grace the occasion and participate at the Awards Ceremony. Last year they had the CEO of International Integrated Reporting Council (IIRC), Richard Howitt present at the awards.
The Judges for the Awards include international experts on 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.
This year CMA has opened this competition to a wide range of business sectors viz; listed companies, unlisted companies, banks, finance, insurance, hotels, plantations, conglomerates, state owned enterprises, NGOs and NPOs and small & medium enterprises (SME).
The evaluation will be carried out as per the framework issued by the International Integrated Reporting Council (IIRC) issued in December 2013 by the world body.
A combination of Integrated Thinking and Integrated Reporting will result in the preparation of a concise integrated report and how an organisation’s strategy, governance, performance and prospects in the context of its external environment lead to the creation of value in the short, medium and long-term.