Award2 Feb 2025, 05:23 pm
REC Ltd Receives ICAI Award for Excellence in Financial Reporting for FY 2023-24
AI Summary
REC Limited has been awarded the 'Gold Shield' under the Financial Services Sector (Other than Banking and Insurance) category of The Institute of Chartered Accountants of India (ICAI) Awards for Excellence in Financial Reporting for the financial year 2023-24. This recognition reflects the company's commitment to excellence in financial reporting, transparency, and adherence to the highest standards of accounting practices. The selection was based on the company's accounting practices, policies adopted for disclosure, presentation of financial statements, other disclosures in the Annual Report, and degree of compliance with Indian Accounting Standards, Statutory guidelines, and Regulations.
Key Highlights
- REC Ltd received the 'Gold Shield' under the Financial Services Sector category of ICAI Awards for Excellence in Financial Reporting for FY 2023-24.
- The recognition reflects REC Ltd's commitment to excellence in financial reporting, transparency, and adherence to accounting standards.
- The selection was based on the company's accounting practices, disclosure policies, and compliance with Indian Accounting Standards and Regulations.
- The ICAI Awards for Excellence in Financial Reporting have been recognizing and encouraging excellence in financial reporting since 1958.