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Deposit Protection Fund Awarded First Runner-Up In The Parastatals/GBEs Category At The Financial Reporting Awards Ceremony – November 1, 2023

Deposit Protection Fund awarded First Runner-Up in the Parastatals/GBEs category at the Financial Reporting Awards Ceremony – November 1, 2023

In a resounding affirmation of its commitment to transparency, the Deposit Protection Fund (DPF) has clinched the first runner-up position at the highly coveted Financial Reporting Awards Ceremony 2023 held at Serena Hotel, Kampala. The event, renowned for recognizing excellence in financial reporting in different sectors, saw the Deposit Protection Fund stand out among its peers in the Government Parastatals category, securing a top-tier position for its exemplary financial disclosure practices. The awards ceremony was held under the theme, “ESG: Reporting as Brand Storytelling.”

The accolade highlights the Deposit Protection Fund’s dedication to maintaining the highest standards of financial reporting, ensuring that stakeholders and the public are well-informed about the Fund’s fiscal health and management practices. The first runner-up position underscores DPF’s efforts to go above and beyond industry expectations, setting a benchmark for transparency and accountability.

Dr. Julia Oyet (left) receiving the FiRe Award accolade from the team that represented the Fund at the awards ceremony, Mr. Mukiibi Yusuf – Dir. Finance and Operations (center) and Mr. Moses Tamale – Manager Finance)

The Chief Executive Officer, Dr. Julia Oyet, elated by the achievement, commented that “we are honoured to be recognized as the first runner-up in this year’s FiRe Awards. This acknowledgment reflects the unwavering commitment of the Deposit Protection Fund to uphold transparency and accountability in our financial reporting practices. It is a testament to the hard work and dedication of our entire team.”

The Financial Reporting (FiRe) Awards, organized by the Institute of Chartered Public Accountants of Uganda (ICPAU), evaluates participating organizations on criteria such as clarity, transparency, and adherence to international financial reporting standards. The recognition as the first runner-up reaffirms the Deposit Protection Fund’s standing as a leader in financial reporting excellence.

DPF staff who attended the awards dinner receive the first runner-up accolade in the Government Parastatals category.
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