ICAI to give away excellence awards at Kolkata on Feb 6

With the objective to recognise and encourage excellence in preparation and presentation of financial information, the Institute of Chartered Accountants of India (ICAI) through its research committee, organises the annual competition ‘ICAI Awards for Excellence in Financial Reporting’. This year, the function shall be organised on Feb 6 at Kolkata. Auditor General of Bhutan Tshering Kezang, shall grace the occasion as chief guest and MP and CA K Rahman Khan, shall be the guest of honour.

This financial year (i.e. 2014-15), a total number of 175 entries were received across the 13 categories in which the competition was held. A meticulous evaluation process is followed and unless the stringent criteria/minimum threshold norms are met, no entity is recommended for an award. The emphasis is on going beyond the normal reporting requirements. Thus, the awards are bestowed only upon those select few who have gone the extra mile in their financial reporting requirements. 

At the final level of evaluation process, the Jury selects the awardees for the year. A Jury Meet for selecting the awardees for the year 2014-15 was held on January 20, 2016 in Mumbai. The Jury was chaired by Former Chairman Securities and Exchange Board of India (Sebi) M Damodaran along with other members.