Public sector entities excel at CA Sri Lanka’s Annual Reports Awards 2022
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CA Sri Lanka President Sanjaya Bandara (second from right) presenting an award to an official of a winning public sector entity.
A total of 12 public sector organisations walked away with gold awards in recognition of their high-quality financial reporting at the Best Annual Reports and Accounts Awards 2022 organised by the Association of Public Finance Accountants of Sri Lanka (APFASL), which is the public sector wing of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka).
The 12 main winners representing universities, research institutions, statutory boards, ministries, departments, provincial councils, urban councils, municipal councils, and pradeshiya sabhas were honoured at a special event held at the BMICH last week under the patronage of Mahinda Siriwardana, Secretary to the Treasury and Priyantha Mayadunne, Secretary to the Ministry of Public Administration, Home Affairs, Provincial Councils and Local Governments.
The gold winners were the University of Peradeniya, Coconut Research Board, Employees Trust Fund, Ministry of Highways, National Intellectual Property Office, Department of Prisons, Provincial Department of Motor Traffic NP, Ministry of Health Indigenous Medicine NP, Chief Secretary’s Secretariat Southern Province, Balangoda Urban Council, Ratnapura Municipal Council and Dibulagala Pradeshiya Sabha.
The awards ceremony was held for the sixth year alongside the APFASL Annual Conference which was held on the theme “Transforming the Public Sector for Economic Revival,” which also featured a keynote speech by Dr. Nandalal Weerasinghe, Governor of the Central Bank.
The APFASL received a total of 125 applications from public sector institutions vying for honours at the annual event, which recognises public sector organisations for high-quality financial reporting in line with local and international public standards. Apart from the gold awards, public sector institutions were also recognised with silver and bronze awards, as well as certificates of compliance and participation.
Treasury Secretary Mahinda Siriwardana said that APFASL along with CA Sri Lanka has played a key role in helping strengthen the public sector financial management practices in the country through a variety of activities and programmes over the years.
“The Best Annual Report and Accounts competition among public sector institutions is one such event conducted annually to bring about excellence in financial reporting. The competition over the years has helped raise the standards of transparency, accountability, and good governance in the public sector,” he added.
The silver award winners were the University of Jaffna, University of Sri Jayewardenepura, National Science Foundation, State Pharmaceuticals Manufacturing Corporation, Ministry of Ports, Shipping and Aviation, Department of Buildings, Ministry of Finance and Planning, and Local Government (NP), Chief Secretary’s Secretariat Northern Province, Kolonnawa Urban Council, Kalutara Urban Council, Anuradhapura Municipal Council, Nochchiyagama Pradeshiya Sabha, and Rajanganaya Pradeshiya Sabha.
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