Financial Report (FiRe) Award

The FiRe award, a joint initiative of the Institute of Certified Public Accountants of Kenya (ICPAK), the Capital Market Authority (CMA) Kenya, and the Nairobi Securities Exchange (NSE) was founded and help for the first time in 2002. The primary objective of the award is to strengthen financial markets and attract investment, business entities would have to make disclosure of their activities to enable a wide range of stakeholders use such information in making economic decisions.

The award is premised on three key objectives:

i. Promotion of Financial Reporting excellence

ii. Fostering of soun corporate governance practices

iii. Enhancing corporate investment and environmental reporting

The Award is a result of a rigorous evaluation process using globally accepted principles and best practice standards. These guiding principles include International Financial Reporting Standards (IFRSs), best practices in governance and corporate citizenship as well as other requirements that are specific to a particular reporting entity. The Award is open to all organisations that prepare annual reports and financial statements. The Award’s are not only a competition but also a healthy gauge for the compliance trends among corporate entities.

In 2009, the award was transformed into a regional premier event in line with the integration in the region as envisaged in the East African Community Common Markets Protocol. Since then, the Award has received entries from Rwanda, Uganda and Tanzania.

In 2014, the Public Sector Accounting Standards Board of Kenya (PSASB-K) requested the promoters to join the Award as a basis of monitoring compliance as provided under section 194 (4) of the PFMA. The promoters accepted this request and subsequently, the Board has made participation by public sector entities mandatory with effect from 2015 FiRe Award.

PARTICIPATE IN THE 2019 EDITION

The theme for this year’s FiRe Award is “Enhancing corporate value through excellence in financial reporting for cross-border trade and investment facilitation in East Africa and beyond”

The FiRe Award Conference will be held on Thursday 7th November 2019 at Vila Rosa Kempinski & Gala Dinner will be held on Friday 8th November 2019 at Carnivore Grounds.

For more information, visit www.fireaward.org or contact:  fireaward@icpak.com

Corporate dinner table 10 Pax @ Ksh 90,000 – Book now

You Earn 7 CPD hours for Composite and Conference.