Invitation to Participate in the Best Presented Financial Statements Awards for the Year 2018

Imewekwa: Aug 30, 2019


Best Presented Financial Statements Awards for the Year 2018


The National Board of Accountants and Auditors (NBAA) invites reporting entities in Tanzania to participate in the “Best Presented Financial Statements Awards” for the year 2018.

OBJECTIVE

To recognize, encourage and promote best practices in the preparation of financial statements in the country.

ELIGIBILITY

To be eligible for the award, the reporting entity must:

(a)Be a legally registered entity in Tanzania.

(b)Have complied with the requirements of both Local and International Accounting and Auditing Standards.

(c)Have employed the services of professional members registered by NBAA

(d)Financial Statements must be for the accounting period ended between 31stJanuary 2018 and31st December 2018(inclusive)

(e)Accounts must be audited by a registered audit firm and must have obtained an unqualified audit opinion.

AWARD STRATIFICATION

Each of the below listed categories of institutions, qualifies for nomination for the “Best Presented Financial Statements Awards for the Year 2018”.

i.Banks

ii.Financial institutions

iii.Insurance companies

iv.Pension Funds

v.Manufacturing entities

vi.Trading and distribution entities

vii.Government Ministries, Departments and Agencies

viii.Regulatory authorities

ix.Regional Secretariats

x.Telecommunication and Media companies

xi.Local Government Authorities

xii.Service Industries including Utility and EducationalInstitutions

xiii.Non-Governmental Organizations (NGO’s)

xiv.Small and Medium Entities (SMEs)

CHECKLISTS TO BE USED IN THE SELECTION OF “THE BEST PRESENTED FINANCIAL STATEMENTS”.

  1. IFRS Checklist General - 2018
  2. IPSAS Disclosure Checklist - 2018

IMPORTANT INFORMATION TO BE SUBMITTED TO NBAA

Submit four (4) hard copies of your latest audited financial statements for evaluation.

AWARD

Successful entities will be presented with award(s) of the “Best Presented Financial Statements for the Year 2018” during the Accountants Annual Dinner to be held in early December 2019.

DEADLINE FOR SUBMISSION OF FINANCIAL STATEMENTS

The deadline for submission of audited financial statements is on Thursday 31st October 2019at16:00 hours.


For submission, further information and clarification please contact:

EXECUTIVE DIRECTOR

NBAA NATIONAL AUDIT OFFICE “AUDIT HOUSE” 8TH FLOOR,

4 UKAGUZI ROAD

P.O. BOX 1271

41104 TAMBUKARELI DODOMA, TANZANIA

TEL: +255 26 2963318-9

FAX: 2151746 E-mail: info@nbaa.go.tz

WEBSITE: www.nbaa.go.tz