Theme: “Championing Effective Sustainability Reporting through Technology and Innovation to Enhance Transparency”
The Public Sector Accounting Standards Board (PSASB) is mandated by section 194 of the PFM Act, 2012, to prescribe frameworks and set generally accepted standards for the development and management of accounting and financial systems by all State organs and public entities. The Board mainstreams best practices for good governance, internal controls, and risk management.
The PFM Act 2012 section 194 subsection (4) mandates PSASB to monitor the adherence to the standards by all State organs and public entities. To achieve this mandate, PSASB partnered with other regulators namely: the Institute of Certified Public Accountants of Kenya (ICPAK), the Capital Markets Authority (CMA), the Nairobi Securities Exchange (NSE), and the Retirement Benefits Authority (RBA) to jointly promote Financial Reporting Award (FiRe).
SUBMISSION OF ENTRIES
Following the launch of FiRe Award 2024, on 27th August 2024, Public Sector Accounting Standards Board is calling on the State Organs and Public Sector Entities to participate in the Award by submitting one hard copy and a soft copy version of their Annual Report and Audited Financial Statements for the Financial Year 2022/2023 and complete the participant’s entry form which can be accessed below.
The submission deadline for the FiRe Award 2024 entries is Friday, 11th October 2024. The annual reports and financial statements can be addressed to:
The Chief Executive Officer
Public Sector Accounting Standards Board
CPA Centre, 8th Floor, Thika Road, Ruaraka
P.O. Box 38831-00100, Nairobi
email: fireaward@psasb.go.ke or acctstandards@psasb.go.ke
The Conference and Gala Dinner:
The 2024 Excellence in Financial Reporting (FiRe) Award Conference and the Gala Dinner and Award Ceremony will be held 5th and 6th of December 2024.