Six Rwandan public and private companies have been awarded for good performance in financial reporting, at the 10th Annual Training Conference held by the Institute of Certified Public Accountants of Rwanda (ICPAR). The financial reporting awards, also called the Fire Awards, were delivered at the end of the conference, which was held this week in Musanze District from 10 - 12 November. More than 100 local and foreign delegates attended the three-day conference, including economists, accountants, academicians, board members, CEOs, financial analysts, investment advisors and auditors from different public and private institutions. All the companies and institutions, who are members of ICPAR, submitted their financial statements and annual reports, and six of them have been awarded. Rwanda Development Bank (BRD) was awarded as the winner in the financial sector - banking. BK General Insurance Company Ltd was awarded as the winner in the Financial Sector - Non-banking. The Business Development Fund (BDF) emerged as the winner in the Non-Financial Sector. Energy Utility Corporation Limited (EUCL) was announced the winner under the State Corporations & Semi-Autonomous Government Agencies. Under the category of ministries and other government agencies, Road Maintenance Fund (RMF) emerged the winner. Bank of Kigali emerged the overall winner, with three awards. The ICPAR is the organisation of Rwandan accountants. The institute trains accountants in accounting, economics, investment appraisal, among others. ICPAR is a member of the International Federation of Accountants (IFAC), the global organization for the accountancy profession. Accountants trained by ICPAR are certified to work in any country around the world because the training is internationally standard. According to ICPAR, its members are bound to professional ethics and face disciplinary actions in cases of misconduct. Experts say that in any country, sufficient certified accountants will not only improve the management of public financial accounts but also attract investment.
