11/10/2023 0 Comments Philippines icab annual report![]() He said that the objective of the ICAB National Awards for Best Presented Accounts and Reports help to promote transparent reporting and adequate disclosures, through application of financial reporting and auditing standards, thereby meeting stakeholder expectations and high levels of professional ethics. ICAB president Mahmudul Hasan Khusru said, the role of ICAB is to promote, enhance and improve the framing of the financial statements and reports to reflect fair views of the entities to safeguard the interest of the investors, government, stakeholders and other user groups. The other entities received certificate of merits were Uddipan, Southeast Bank Limited, Eastern Bank Limited, the City Bank Limited, Janata Bank Limited, Rupali Bank Limited, IPDC Finance Limited, Marico Bangladesh Limited, Orion Pharma Limited, MJL Bangladesh Ltd and Paramount Textiles Ltd Integrated Reporting category, IDLC Finance Limited became the first prize winner, LankaBangla Finance Ltd second prize winner and Bank Asia third prize winner. In Corporate Governance disclosures, Bank Asia Limited and Lanka Bangla Finance ltd became joint the first prize winners, Shahjalal Islami Bank Ltd and IDLC Finance Ltd joint second prize winners and Brac Bank Ltd become third prize winner. Unique Hotel and Resorts Limited became the first prize winner in category of Service Sector while Golden Harvest Agro Industries Limited the first prize winner in category of Agriculture. SAJIDA Foundation secured the first prize, BRAC secures second, and Ghashful and Community Development Centre became joint third winners in non-profit organization category. ![]() In Public Sector Entities category, Investment Corporation of Bangladesh became the first prize winner and Infrastructure Development Co. Grameenphone Limited won the first prize in Category of Communication and Information Technology. In diversifies holdings sector, ACI Limited won the first prize. Insurance sector, Reliance Insurance Ltd, Prime Insurance Co Ltd and Eastland Insurance Co Ltd became first, second and third prize winners respectively. In Power and Energy sector, Summit Power Limited won the first prize. In manufacturing category, British American Tobacco (BD) Limited won the first prize, RAK Ceramic (Bangladesh) Ltd won the second prize while Reckitt Benckiser BD Ltd won third prize. In the category of Financial Services Sector, IDLC Finance Limited won the first prize, Bangladesh Finance Ltd won the second prize while Delta Brac Housing Finance Corporation Ltd won third prize. In Banking Sector (Private) category Shahjalal Islami Bank Ltd secured first prize, BRAC Bank Limited and Bank Asia Limited became joint second prize winners, and Mutual Trust Bank Limited became the third prize winner. ICAB president Mahmudul Hasan Khusru delivered welcome address and the chairman of review committee for published accounts and reports Mohammed Humayun Kabir spoke on the occasion. ![]() Recognising the first, second and third positions in each category, 11 entities which achieved a minimum threshold of scores are awarded the ‘Certificate of Merit.’Īmong the awardees, IDLC Finance Limited, one of the top non-bank financial institutions in the country, became the overall winner. Commerce minister Tipu Munshi handed over the awards among the winners at an event at a city hotel in Dhaka, said a press release.
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