KUALA LUMPUR, April 10 (Bernama) -- Bursa Malaysia, The Malaysian Institute of Accountants (MIA) and The Malaysian Institute of Certified Public Accountants (MICPA) jointly launched the National Annual Corporate Report Awards or better known as NACRA on April 4, 2019. Themed, “Towards Accountability & Excellence” NACRA 2019 underscores the vital role annual reports play in propagating transparency and enhancing the integrity of the capital market.

“Healthy competition motivates and encourages innovation, excellence and continuous improvement, and that is what we have envisioned for NACRA to promote in corporate reporting.” said En Ahmad Zahirudin Abdul Rahim, NACRA’s Organising Committee Chairman.

He went on to share, “As NACRA aims to continually improve on the presentation quality of annual reports, we review the guidelines every year and make enhancements to be in line with current requirements and trends.”

Mr Stanley Teo, Chairperson of NACRA’s Adjudication Committee shared in his speech that “The NACRA 2019 adjudication process will be carried out in two stages by an independent panel of expert adjudicators who are well-versed with the latest issues and developments. Our adjudicators are hand-picked from various sectors such as commerce and industry, public accounting, securities firms, advertising and communication firms as well as academia, in accordance with their relevance to the area they are assessing.”

“In line with achieving Sustainability in all areas, NACRA is also improving the adjudication process by reducing our carbon footprint – instead of the 50 hard copies of annual reports that have been requested for in the past, we have reduced this to just 5 copies, plus a PDF soft-copy version of the report for our adjudicators to review,” added Mr Teo.

A representative from CIMB Group Holdings Berhad, winner of the Platinum Overall Excellence Award in 2018, gave a short presentation on their experience in producing an award winning corporate report.

About NACRA

Since 1990, NACRA has been jointly organised by the Malaysian Institute of Accountants (MIA), The Malaysian Institute of Certified Public Accountants (MICPA), and Bursa Malaysia Berhad, with the aim of promoting excellence in annual corporate reports.

In line with the NACRA theme of ‘Towards Accountability and Excellence’, the criteria for NACRA is reviewed and improved each year to stay abreast of the latest developments and trends in corporate reporting.

Reflecting revised regulatory requirements and the global momentum of sustainability reporting and integrated reporting <IR>, the NACRA 2017 cycle introduced the Sustainability Reporting Award (replacing the previous Corporate Social Responsibility Reporting Award) and the Integrated Reporting Award to encourage their take-up among companies in Malaysia.

This year, NACRA has six categories of awards, namely the Overall Excellence Awards, Industry Excellence Awards for Listed Companies, Integrated Reporting Awards, Presentation Awards, Sustainability Reporting Awards, and the Special Award for Non-Listed Organisations. Certificates of Merit will also be presented to all finalists in recognition of their commendable high standards of annual reporting.

NACRA is open to all companies incorporated or registered in Malaysia as well as the public sector and other organisations established in Malaysia. All submissions must be received by Friday, 31st May 2019. Only annual reports with 2018 financial year end are eligible for entry to NACRA 2019.

For more information about NACRA 2019, please contact the NACRA Secretariat at nacra@micpa.com.my. To download the brochure, interested participants can visit www.micpa.com.my/events/nacra/

Note to Editor:
About Bursa Malaysia Berhad
Bursa Malaysia is an exchange holding company incorporated in 1976 and listed in 2005, and has grown to be one of the largest bourses in ASEAN today. Bursa Malaysia operates and regulates a fully-integrated exchange offering a comprehensive range of exchange-related facilities, and is committed to Creating Opportunities, Growing Value. Learn more at www.bursamalaysia.com.

About the Malaysian Institute of Accountants (MIA)
Established under the Accountants Act 1967, MIA is the national accountancy body that regulate, develops, supports and enhances the integrity, status and interests of the profession in Malaysia. MIA accords the Chartered Accountant Malaysia or “C.A. (M)” designation. Working closely alongside businesses, MIA connects its membership to an unmatched range of information resources, events, professional development and networking opportunities.

Presently, there are more than 34,000 members making their strides in businesses across all industries in Malaysia and around the world.

MIA’s international outlook and connections are reflected in its membership of regional and international professional organisations such as the ASEAN Federation of Accountants (AFA), and the International Federation of Accountants (IFAC). For more information on MIA, visit www.mia.org.my

About The Malaysian Institute of Certified Public Accountants (MICPA)

The Malaysian Institute of Certified Public Accountants (MICPA) was incorporated in 1958 and is the only local body in Malaysia which conducts a professional accountancy examination recognised under the Accountants Act 1967. MICPA is also a founding member of the International Federation of Accountants (IFAC) since 1977.

MICPA’s objective is to advance the theory and practice of accountancy in all its aspects, recruit, educate and train a body of CPAs who are equipped with the technical knowledge and competencies needed to provide value add services of the highest quality. The CPA designation is widely recognised as a premier brand of professional business qualification.

MICPA is governed by a Council of 30 elected members and has more than 3,200 members and over 800 registered candidates.

SOURCE : Malaysian Institute of Certified Public Accountants (MICPA) 

FOR MORE INFORMATION, PLEASE CONTACT:
Name : Eileen Grace Lee
Tel : 03-2698 9622 (extn.301)
Fax: 03-2698 9403
Email : eileen.mktg@micpa.com.my

Name : Joyce Gan
Tel : 03-2698 9622 (extn.308)
Fax: 03-2698 9403
​Email : joyce@micpa.com.my

--BERNAMA