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Stanbic, BOU Win Big At  Financial Reporting Awards

Stanbic Bank emerged the biggest winner of the night at the just concluded financial reporting awards, scooping a maximum of five awards while the Central Bank of Uganda was able to scoop two.

Stanbic Bank took home the report of the year award, corporate governance award, sustainability reporting award, best listed entity award and banking service award. Bank of Uganda was awarded as the best regulatory body while its defined benefits scheme was awarded as the 1st runners up in the retirement benefits services, defeated by Makerere University that came first.

Other winners included national social security funds, national water and sewage corporations, reproductive health Uganda limited, Y-save  multi-purpose cooperative society Ltd, Umeme limited among others.

The awards are organised by the Institution of public Accountants of Uganda (ICPAU) with the aim of encouraging best finance reporting practices as well as giving a platform to all public accountants and institutions to meet and discuss challenges and new trends in the accounting sector.

Speaking at the awarding ceremony that was held Thursday night at Serena Hotel Kampala, the Katiikiro of Buganda Peter Mayinga congratulated the winners and asked all public accountants to be true to their calling.

“Be true to your calling. Accountants are at the helm of public and private institutions and are crucial in the fight against corruption,” he said.

The president ICPAU, Fredrick kibbendi urged all Ugandans and institutions to use certified public accountants to avoid risks that come with using unregistered ones.

He further urged accountants to always uphold the principle of the accountancy profession that include honest, accountability and transparency.

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The wards are part of the accountancy service week that ran from 7th to 8th at the Uganda manufacturers association show grounds.

As part of the service week, ICPAU and its partners have been giving free pro bono services to the community. It also carried out a women in business training session.

 

 

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