MVIWATA FIRST WINNER OF NBAA’s BEST PRESENTED FINANCIAL STATEMENTS AWARD

Mtandao wa Vikundi vya Wakulima Tanzania (MVIWATA) has been awarded FIRST WINNER and received the Award for best presented and internationally recognized standards of financial statements award for 2019 in the category of Non-Governmental Organizations (NGOs) by the National Board of Accountants and Auditors (NBAA).

The award which is regarded as measure for financial reporting expertise among organizations in the country and which passes through a rigorous screening process overseen by seasoned judges with diverse backgrounds and use International Financial Reporting Standards (IFRS).

The NBAA judges said the criteria used to select the winners included those who scored over and above 75 percent of the set criteria, of which only two organizations (MVIWATA and SIKIKA) scored past 75 percent for year 2019.

Speaking during the 25th MVIWATA Annual General Assembly while presenting the award to members, MVIWATA’s Executive Director Mr, Stephen Ruvuga said “This victory demonstrates how we are committed to maintaining the highest integrity in presentation of our financial statements,”

“Our financials are prepared in accordance and compliance with IFRS and local requirements, we met the disclosure requirements which is why we emerged as winners for the fifth year running,” he added.

This award is the Fifth (5) in a row within five (5) years since the organization began presenting its financial statements to NBAA in 2016. In the past five (5) years MVIWATA has emerged SECOND Winner twice and FIRST Winner three times.“THE FARMER’S DEFENDER IS THE FARMER”.

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