REC Clinches ICAI Award for Outstanding Financial Reporting in FY 2022-23

REC Clinches ICAI Award for Outstanding Financial Reporting in FY 2022-23

Daily Current Affairs   /   REC Clinches ICAI Award for Outstanding Financial Reporting in FY 2022-23

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Category : Awards Published on: January 19 2024

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  • REC Limited, a prominent NBFC under the Ministry of Power, received the ICAI Award for Excellence in Financial Reporting for FY 2022-23.
  • The award falls under the 'Financial Services Sector (Other than Banking and Insurance)' category.
  • REC was recognized for its outstanding accounting practices, disclosure policies, and presentation of financial statements.
  • The selection was based on compliance with Indian Accounting Standards, statutory guidelines, and regulations.
  • The prestigious plaque was received by REC officials from the Chief Minister of Chhattisgarh, Shri Vishnu Deo Sai, at a ceremony in Raipur.
  • The award ceremony was attended by Cabinet Ministers, ICAI President CA Aniket Sunil Talati, and other dignitaries.
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