Rwandan seven firms including Ministry of Trade and Industry (MINICOM), NPD CONTRACO, and banks; BK, KCB, BNR, Fina Bank and Unguka Bank Ltd have been granted certificates of participation in the 2011 FiRe Award held in Nairobi recently and organized by the Institute of Certified Public Accountants.
FiRe award reports provide a summary of findings based on evaluation criteria.
Its purpose is to promote excellence in financial reporting and corporate citizenship by participating organizations.
Speaking to igihe.com, Peter Rutaremara President of ICPA Rwanda explained that the award was one wayof improving financial reporting standards in Rwanda, and competing at international level.
“We encourage different Rwandan organizations into competition at international level through increasing their capacity in financial reporting standards,” said Rutaremara.
African Gatare the Director of Administration and Finance in MINICOM who represented the ministry and received the certificate in form of International Public Sector Accountant Standards (IPSAS).
“Our financial reporting this year was very well prepared and we submitted it in to compete and therefore, won at the East African Level,” he said.
Gatare challenged other organizations to take part and participate in the competition as one way to improve on their reporting standards.
During the event, ICPAR signed an MoU with Professional Organization of Auditors Agreed in Rwanda (OCCAR).
According to Charles Karori Karara the OCCAR Chair; the MoU will help the organization in the capacity building by getting better skills done by ICPAR an organization with vast field experienced.
The Institute of Certified Public Accountants of Rwanda (ICPAR) is a Professional Accountancy Organization (PAO) mandated by law to regulate the Accounting profession in the republic of Rwanda.
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