Chakra Announcements

Akshaya Patra Given Icai Gold Shield Award for Excellence in Financial Reporting for Third Year in a Row

by Usha Gururaj

Posted January 21, 2012

Bangalore: The Akshaya Patra Foundation has been awarded the Gold Shield for ‘Excellence in Financial Reporting’ by the Institute of Chartered Accountants of India (ICAI) for the third year in succession. Akshaya Patra received the award from Sri Veerappa Moily, Hon’ble Union Minister of State for Corporate Affairs, at a function organized for this purpose by ICAI at Chennai Trade Centre, Chennai.

The award was given based on Akshaya Patra’s Annual Report and the Accounts for the year ending March 31, 2011. Akshaya Patra was selected by a panel of judges on the degree of compliance with accounting standards, statutory guidelines and other relevant pronouncements. The Gold Shield is the top most award given by the ICAI and is only given to those organizations with the highest level of accounting practices.

This recognition is reflective of our commitment to achieve high standards of excellence and transparency in our accounting procedures. We thank ICAI for recognizing Akshaya Patra with this prestigious award,” said Chanchalapathi Dasa, Vice Chairman, Akshaya Patra.

Akshaya Patra maintains a commitment to organizational transparency. The organization is audited by M/s BSR & Co, a leading Indian audit firm, to ensure transparency and accountability of its operations. Furthermore, the Foundation is managed by an independent Board of Trustees, many of whom are leaders in the private sector. Akshaya Patra is also advised in accounting standards and services by the reputed consulting firm KPMG.

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