Acclivity speaks on what is next in Annual Reporting

Monday, 2 December 2019 00:07 - - {{hitsCtrl.values.hits}}


Moore Stephens Consulting Managing Director, Sanasa General Insurance Company Chairman and SAFA ITAG Committee Chairman Tishan H. Subasinghe (Keynote Speaker)	Chartered Accountant Harsha Gunasena (Moderator)


Colombo Stock Exchange Chief Executive Officer Rajeeva Bandaranaike (Panellist)	Softlogic Life Insurance Chief Financial Officer Nuwan Withanage (Panellist)

Professionals in finance and other corporate fields are to gather at the CIMA auditorium, Colombo, on Monday 9 December from 2.00 p.m to 5.00 p.m, to discuss advances in annual reporting and how to report information in a manner that is meaningful to all stakeholders.

The conventional reporting model used in the past is now changing rapidly with new reporting and assurance regulations introduced to annual reporting. Today’s focus to “communicate to build trust and favourable relationships” should enable shareholders and other stakeholders to draw a more realistic assessment of not only the economic value of the entity but its status on corporate governance and sustainability. Paying attention to stakeholder agenda is essential, as it helps demonstrate the commitment of the company to stakeholder engagement. Technological advancements too change the manner in which information is presented and distributed.

A spokesperson from Acclivity Training stated, “Businesses must adapt to manage and thrive during this era of disruptive transformation, and financial reporting needs to be in this context.”

The Keynote Speaker, Moore Stephens Consulting Ltd. Managing Director, Sanasa General Insurance Company Ltd. Chairman and South Asian Federation of Accountants (SAFA) ITAG Committee Chairman Tishan H. Subasinghe, will address the gathering on global trends that impact both the content of information disclosed and the manner in which it is presented in annual reports. Subasinghe will also discuss best practices that could be adopted to respond to stakeholder interest whilst meeting regulatory requirements.

The session is expected to conclude with a panel discussion moderated by Chartered Accountant and independent consultant Harsha Gunasena, together with the speaker and panellists Colombo Stock Exchange Chief Executive Officer Rajeeva Bandaranaike and Softlogic Life Insurance PLC Chief Financial Officer Nuwan Withanage.

Over 100 participants comprising corporate leaders, finance, marketing, communication professionals and other professionals who have a responsibility for contributing to the development of company annual reports are expected to attend this seminar. For more details, please contact Shiwantha on 0713331466 or email [email protected].