Child’s i Foundation awarded for outstanding reporting at the 2020 Financial Reporting (FiRe) Awards
Last week, Child’s i Foundation won an Outstanding Achievement Awards for reporting under the International Financial Reporting Standards for Small and Medium-sized Entities (IFRS for SMEs) at the Uganda Financial Reporting (FiRe) Awards.
The awards organised by Certified Public Accountants of Uganda (ICPAU) are held annually and aim to enhance the quality of financial and business reporting in Uganda by encouraging the implementation of financial reporting standards.
This year, the awards emphasised Integrated Reporting as a way to present the story of the organisation beyond the numbers by demonstrating how the people, systems, capital speak together to create value for shareholders.
"Winning this recognition means that Child’s i has adhered to the accountability, transparency in reporting pledges that we have always made, "Patrick Kabenge, Acting Finance Director at Child’s i shared with us. “It shows our duty and high financial reporting standards to our donors and beneficiaries and implementing partners.”
This year, the awards were held under the theme “10 Years of Enhanced Financial Reporting: Gliding with excellence into the future.”
Child’s i has been participating in the awards for the last six years “This is a huge milestone for us it shows we have made great strides in improving our financial reporting standards,” shared Patrick. “It is evident that we continue to be accountable to our donors, implementing partners, and beneficiaries.”
The FiRe Awards also provide an opportunity for organisations to benchmark their reports against set criteria of good financial reports.
“We are committed to seeing that we maintain this award in the coming years and also compete in the sustainability reporting category of the awards.”
We are proud to have won this outstanding achievement award. To learn more about our work, subscribe to our newsletter here.