Eight Gold Accolades Later, Stanbic Maintains Financial Reporting Excellence

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Stanbic Uganda Holdings Limited has been recognised for excellence in financial reporting after winning a Gold Accolade in the Titans Category at the 2026 Financial Reporting (FiRe) Awards.The recognition places the financial services group among institutions that have demonstrated sustained excellence in financial reporting, corporate governance and accountability.The annual awards, organised by the Institute of Certified Public Accountants of Uganda (ICPAU) and its partners, were held under the theme, “Driving Transparent Sustainability Reporting through Technology and Innovation.”Stanbic’s latest accolade adds to its track record at the awards, having accumulated eight Gold accolades across various categories over the years.According to ICPAU, the Titans Category recognises organisations with a consistent record of excellence in financial reporting, placing them among an exclusive group of institutions that have set benchmarks for others to follow.Mark Ocitti Ongom, Chief Executive of Stanbic Uganda Holdings Limited, said the recognition underscores the importance of transparency and accountability, particularly for companies listed on the stock exchange.“For a listed company, the quality and transparency of our reporting are fundamental to building stakeholder trust and confidence in the business. This recognition by the FiRe Awards affirms the exceptional work of our teams and the high standards we continue to set for our industry,” Ongom said.He added that the company remains committed to maintaining high standards of transparency, accountability and discipline in its reporting to stakeholders.Ronald Makata, Stanbic Uganda Holdings’ Chief Finance and Value Management Officer, said credible financial reporting plays a critical role in maintaining confidence among shareholders, regulators, investors and other stakeholders.“Financial reporting is ultimately about trust. Our stakeholders must have confidence in the quality, integrity and transparency of the information we provide. This recognition reflects the discipline and technical excellence of the team behind our reporting and affirms our commitment to continuously raising the standard,” Makata said.The 2026 awards also highlighted the growing importance of technology and innovation in strengthening sustainability disclosures and improving corporate reporting practices.Speaking at the ceremony, Chief Guest George William Nyombi, Executive Director of the Uganda Communications Commission (UCC), urged organisations to prepare for the adoption of the International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards ahead of their mandatory implementation.ICPAU President David Timothy Ediomu said the FiRe Awards, introduced in 2011, have reached nearly 1,000 organisations through guidance on international financial reporting standards and feedback designed to improve the quality of annual reports.He noted that the initiative has continued to strengthen reporting practices while encouraging organisations to embrace transparency and accountability.Stanbic Uganda Holdings Limited comprises Stanbic Bank Uganda Limited, SBG Securities Uganda Limited and Stanbic Business Incubator Limited.The latest recognition reinforces the group’s position among Uganda’s leading institutions in financial reporting as businesses face increasing expectations to provide transparent, credible and sustainability-focused disclosures.The post Eight Gold Accolades Later, Stanbic Maintains Financial Reporting Excellence appeared first on The Insider.