Public sector bodies to participate in upcoming financial reporting contest
Nairobi 7th November, 2019….
Public sector entities have been urged to take advantage of the upcoming Financial Reporting (FiRe) award scheduled to be held in November to boost integrated reporting through enhanced accountability, transparency and integrity. The guiding theme for this year’s Award is Enhancing Corporate Value through Excellence in Financial Reporting for Cross-Border Trade and Investment Facilitation in East Africa and Beyond.
The award is jointly promoted by Public-Sector Accounting Standards Board-Kenya (PSASB), the Capital Markets Authority (CMA), the Institute of Certified Public Accountants of Kenya (ICPAK), and the Nairobi Securities Exchange (NSE).
The Award has received submissions from national, county government and private sector entities. The award seeks to promote and recognise excellence in financial reporting, sound corporate governance practices and environmental reporting for both public and private sector entities in Kenya and within the larger East African region.
According to the Public Sector Accounting Standards Board (PSASB) Chief Executive Officer, Fredrick Riaga, participation in the Award has resulted in improved financial reports and disclosures given that evaluation panelists provide participants with a formal feedback loop, highlighting areas of improvement are identified. Read more…