Strathmore University Wins 2017 Not-For-Profit Financial Reporting Awards
Strathmore University emerged winners in the Not-For-Profit category at this year’s Financial Reporting (FiRe) Awards Ceremony, having participated for the 6th year in a row.
The University competed against KENGEN Defined Benefits Scheme – who emerged as the 1st runners-up – and KASNEB Retirement Benefit Scheme who won 2nd runners-up position.
FiRe award seeks to promote integrated reporting through enhancing accountability, transparency and integrity in compliance with appropriate financial reporting framework, governance, and social and environmental reporting, by private and public sectors domiciled in East Africa. The annual award ceremony is organized by the Public Sector Accounting Standards Board (PSASB), Capital Markets Authority (CMA), Nairobi Securities Exchange (NSE), and the Institute of Certified Public Accountants of Kenya (ICPAK).
Participation in these awards continues to be important for the university, in an effort to embed a stronger financial, governance and sustainability reporting culture. Participating entities benefit from an evaluation feedback which helps them to improve the reporting each year.
‘For SU, preparing this report gives all departments an opportunity to assess the alignment to strategy of their activities and initiatives, to monitor their impact, to evaluate use of resources and improve reporting’, says Betty Ngala – Director Communications. ‘ We have noted continuous gains over the years as we seek to improve the quality of the Annual Report and make strides towards Integrated Reporting’.
You can access the 2016 Annual Report here.
Congratulations to Strathmore University Finance and Communications departments, for a job well done.