ICAI Awards presented for Excellence in Financial Reporting

The Institute of Chartered Accountants of India (ICAI) through its Research Committee, organizes the annual competition ‘ICAI Awards for Excellence in Financial Reporting’ with the objective to recognise and encourage excellence in preparation and presentation of financial information. The awards ceremony for the year 2014-15 was held on February 6, 2016 at Kolkata. Shri Tshering Kezang, Hon’ble Auditor General of Bhutan was the Chief Guest and CA. K. Rahman Khan, Hon’ble Member of Parliament, Rajya Sabha was the Guest of Honour.

A total of 12 awards- One Gold Shield, 7 Silver Shields and 4 Plaques were given during the function. The awards presentation ceremony was preceded by a Technical Workshop on observations of the Shield Panel arising out of their review of the entities which participated in the competition and a Panel Discussion on “Moving Ahead: Excellent Financial Reporting”.

The names of the awardees are mentioned below.

ICAI Awards for Excellence in Financial Reporting for the competition for the year 2014-15

Category		Award	Name of the Entity	Annual Report and Accounts for the year ended
III	Insurance Sector	Gold Shield	HDFC ERGO General Insurance Company Limited	March 31, 2015
		Silver Shield	HDFC Standard Life Insurance Company Limited	March 31, 2015
		Plaque for commended Annual Report	ICICI Prudential Life Insurance Company Limited	March 31, 2015
V	Manufacturing Sector (Turn over equal to or more than Rs. 500 crore)	Silver Shield	Jointly to ACC Limited Asian Paints Limited Abbott India Ltd.	December 31, 2014 March 31,2015 March 31,2015
VI	Manufacturing Sector (Turn over less than Rs. 500 crore)	Silver Shield	Kewal Kiran Clothing Ltd.	March 31, 2015
IX	Service Sector (other than financial services sector) (Turn over equal to or more than Rs. 500 crore)	Silver Shield	Zensar Technologies Limited	March 31, 2015
IX		Plaque for commended Annual Report	Mindtree Limited	March 31, 2015
X	Service Sector (other than financial services sector) (Turn over less than Rs. 500 crore)	Plaque for commended Annual Report	Alphageo (India) Limited	March 31, 2015
XI	Not-for- Profit Sector	Silver Shield	Vidya Dairy	March 31, 2015
XI	Not-for- Profit Sector	Plaque for commended Annual Report	Swami Vivekanand Youth Movement	March 31, 2015

Disclaimer: The awardees have been selected by the panel of judges on review of accounting practices adopted by the participating enterprises in the preparation of their financial statements without regard to their financial condition and operating performance. Accordingly, the awards signify that the accounting policies followed by the concerned enterprise are the best amongst the enterprises that have participated in the Competition.