The Institute of Chartered Accountants for England and Wales (ICAEW), supported by the Charities Aid Foundation (CAF), has today launched the Charities’ Online Accounts Awards 2009. The awards, which were set up to recognise the charities with the most accessible and transparent online accounts, aim to encourage all charities to invest more time in presenting their financial information innovatively. Graham Ward CBE, chairman of the judging panel and Price Waterhouse Coopers partner said: “High quality financial reporting is as much of an imperative for the charitable sector as it is for the commercial world - no more so than in today’s challenging financial environment. At this time, being recognised for high quality financial information will provide the winners with a powerful message when seeking funding.” John Low, Chief Executive of CAF, said: “All donors and grantmakers want to see the impact their donations are having. The credit crunch means the pool of available funds has got shallower and the need for charities to clearly report on their activities has got deeper.”

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16 October 2008
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