BRAC Uganda has been recognised for its excellent performance in financial reporting. We received the award in the NGO category at the 2016 Financial Reporting (FiRe) Awards, which took place on 10 November 2016 at the Kampala Serena Hotel.
We have been recognised every year since the awards were launched in 2011. This year, we competed against 20 other NGOs. The awards also recognise entrants from various industries including financial institutions, consumer and industrial products, education institutions, insurance services, the public sector and regulatory bodies and associations.
(Left to right) BRAC Uganda finance manager, Ronald Kasozire, accounts manager, Sachindra Ghosh, chief finance officer, Richard Kigozi and country representative, Bhuiyan Imran from BRAC received the award.
As one of the largest development organisations in the country, serving over four million people and employing over 2,400 Ugandans, we are engaged in poverty alleviation initiatives that include, but are not limited to, microfinance and small enterprise development, community healthcare and nutrition, agriculture and seed distribution, education and youth empowerment and livelihood programmes. We have established reporting systems to ensure transparency and enable successful implementation of our multi-sectoral programmes. These also ensure that we adhere to international financial reporting standards. It encourages more organisations to embrace quality financial reporting to improve their operations and comply with application financial reporting frameworks.
The FiRe Awards aims to promote financial reporting in compliance with international standards set out by the International Accounting Standards Board. It is organised by the Council of the Institute of Certified Public Accountants of Uganda, Uganda Securities Exchange and the Capital Markets Authority.