The Bank of Ceylon’s (BOC) 2016 Annual Report won the Gold Award for the state bank category at the 53rd Annual Report Awards by Chartered Accountants (CA) of Sri Lanka.
The award ceremony was organized by the Institute of Chartered Accountants of Sri Lanka to recognise the organizations that have promoted transparency, accountability and social responsibility in financial reporting.
The institute of Chartered Accountants of Sri Lanka has formulated this year’s theme as ‘Quintessence of Eminence’ to select the most cohesive, clear and customized annual reports that best reflects an entity operation whilst going beyond its financial performance.
The prime objective of the Institution CA of Sri Lanka was to encourage effective presentation of financial and non-financial information to stakeholders through fulfillment of compliance to legislative requirements and generally accepted accounting practices.
“The Bank ensures that its annual report complies with the standards set by regulatory bodies and international reporting guidelines such as International Integrated Reporting (IIR) framework issued by the International Integrated Reporting Council and GRI G4 guidelines issued by the Global Reporting Initiatives (GRI) for sustainability reporting,” said General Manager D.M. Gunasekara.