Workshop on Achieving Excellence in Integrated Reporting on 18 March

Friday, 11 March 2016 00:00 - - {{hitsCtrl.values.hits}}

A workshop on Achieving Excellence in Integrated Reporting <IR> has been organised by the Institute of Certified Management Accountants of Sri Lanka (CMA) on 18 March at Hotel Taj Samudra.

This workshop will enable companies preparing <IR> to achieve excellence and also to enter the CMA Excellence in <IR> Awards which will be held in July this year followed by the Annual Conference. <IR> is enhancing the way organisations think, plan and report the story of their business.

Organisations are using <IR> to communicate a clear, concise, integrated story that explains how all of their resources are creating value. <IR> is helping businesses to think holistically about their strategy and plans, make informed decisions and manage key risks to build investor and stakeholder confidence and improve future performance. It is shaped by a diverse coalition including business leaders and investors to drive a global evolution in corporate reporting.

<IR> applies principles and concepts that are focused on bringing greater cohesion and efficiency to the reporting process, and adopting ‘integrated thinking’ as a way of breaking down internal silos and reducing duplication. It improves the quality of information available to providers of financial capital to enable a more efficient and productive allocation of capital. Its focus on value creation, and the ‘capitals’ used by the business to create value over time, contributes towards a more financially stable global economy.

The purpose of the <IR> Framework is to establish Guiding Principles and Content Elements that govern the overall content of an integrated report, and to explain the fundamental concepts that underpin them. Reference: http://integratedreporting.org/resource/international-ir-framework/

In order to assist companies in the preparation of <IR> CMA is organising this workshop to give participants an overview of the process and practical aspects followed by a panel discussion to enable participants to solve their practical problems in the preparation of <IR>.

The welcome address and introduction to ‘Excellence in <IR> Awards’ will be delivered by CMA President Prof. Lakshman R. Watawala, ‘Guidance to Preparation of <IR>’ will be delivered by Ernst & Young Country Managing Partner Asite D.B. Talwatte, ‘Understanding <IR> & Practical Aspects’ will be delivered by Diesel & Motor Engineering PLC (DIMO) Chief Financial Officer Suresh Gooneratne.

The workshop will concluded with a panel discussion with the speakers and together with Prof. Samanthi Senaratne, Prof. Department of Accounting, University of Sri Jayewardenapura and Nuwan Gunaratne, Lecturer, University of Sri Jayewardenapura to explain in more details the <IR> framework and for participants to obtain clarifications and direct questions to speakers and panelists.

Those interested to register should contact the CMA office Shanthi on 0714705536 or e mail: [email protected].