16 Sri Lankan companies excel at SAFA Best Presented Annual Report Awards hosted by CA Sri Lanka

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) hosted the 24th SAFA Best Presented Annual Reports (BPA) Awards ceremony in Colombo last week with 16 Sri Lankan companies bagging awards for excellence in financial reporting in South Asia.

The SAFA BPA Awards organised by the South Asian Federation of Accountants (SAFA) is considered the most prestigious accolade for financial reporting in the South Asian region and has played a catalyst role in promoting excellence and effective communication in the presentation of high-quality, relevant, reliable and objective financial and non-financial information for over two decades.

This year, 85 companies from India, Bangladesh, Pakistan, Nepal and Sri Lanka vied for honours. Bangladesh’s Reliance Insurance Limited was adjudged the overall winner of the 24th SAFA BPA Awards, while Bangladesh also bagged the most number of awards at the event.

Bangladesh received 20 awards, Sri Lanka secured 16 awards, Pakistan received eight awards, while India received two awards and Nepal received one award. The event adopted a hybrid format, combining physical attendance and virtual participation. SAFA member bodies from Bangladesh, Pakistan and Nepal connected to the proceedings in Colombo virtually, while also organising awards ceremonies to honour the respective recipients of their countries.  The Sri Lankan winners were honoured at a special event held at CA Sri Lanka.

Vice President of SAFA A.K.M. Delwer Hussain, president of CA Sri Lanka Manil Jayesinghe and Chairman of the SAFA Committee for Improvement in Transparency, Accountability and Governance Heshana Kuruppu addressed the event in Colombo.