New Delhi: GAIL (India) Limited's annual report and financial statement for the year 2020-21 has won the 'Gold Shield' in the Institute of Chartered Accountants of India (ICAI) Awards for excellence in financial reporting for 2020-21.
GAIL's Director (Finance) RK Jain received the award on behalf of the company from the Minister of State (Independent Charge) of the Ministry of Science and Technology Dr Jitendra Singh.
The award, in the Category XI – Public Sector Entities of ICAI Awards for Excellence in Financial Reporting for the year 2020-21, was given after reviewing the accounting practices adopted by participating enterprises while preparing their financial statements, the policies adopted for disclosure, and presentation of financial statements, among other information contained in the annual report.
On the basis of the degree of compliance with Indian accounting standards, accounting standards, statutory guidelines, regulations, etc., Gold Shield, Silver Shield and Plaque are awarded to the best, second best and commendable entries respectively.
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