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MAJOR ACCOUNTING AWARDS OPENS NOMINATIONS FOR 2004 20/04/04
 

Entries are now open for this year's Charities' Online Accounts Awards, with a prize of £2,000 funding on offer to each of the four income category winners.

Sponsored by CAF (Charities Aid Foundation) and the Institute of Chartered Accountants in England & Wales (ICAEW), the competition is designed to reward best practice in accounting, raise the standard of web-based annual reports, and encourage more charities to provide their financial information online.

Neil Jones, CAF's director of communications and competition judge, says: "Last year's competition showed the progress that some charities are making in their online reporting - particularly some of the smaller ones who showed great imagination and resourcefulness. Any charity that makes its report and
accounts available online should feel encouraged to enter this year."

The 2003 winners from 80 entries were The Woodland Trust, Life Education Centres, Rett Syndrome Association UK and SNAP. Charities can enter in one of four income categories: above £2m, between £500,000 and £2m, between £100,000 and £500,000, and under £100,000.

In addition to £2,000, successful entrants will also receive a pass to attend one of CAF's charity events and a winner's seal for their website, while runners-up will each receive a certificate of excellence from
the ICAEW.

All entries will have to pass through three judging stages. Technical screeners from leading accountancy firms check that every entry complies with charities accounting practices (SORP). The financial reports with the highest marks for accuracy will then be assessed on their usability on the web by a panel of judges specialising in finance, new media and communications.

Finally, the judges collectively decide on the shortlist of up to three charities in each category.
For an entry form or to apply online see "Events" at www.cafonline.org

 
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