AHRI
MEDIA, JOBS & RESOURCES for the COMMON GOOD
NEWS  |  Leadership

Australian Transparency Awards


Thursday, 28th May 2009 at 2:19 pm
Staff Reporter
PricewaterhouseCoopers (PwC) together with the Institute of Chartered Accountants in Australia and the Centre for Social Impact (CSI) have announced Oxfam Australia and World Vision Australia as winner and runner up respectively of the second annual Australian PwC Transparency Awards.

Thursday, 28th May 2009
at 2:19 pm
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Australian Transparency Awards
Thursday, 28th May 2009 at 2:19 pm

PricewaterhouseCoopers (PwC) together with the Institute of Chartered Accountants in Australia and the Centre for Social Impact (CSI) have announced Oxfam Australia and World Vision Australia as winner and runner up respectively of the second annual Australian PwC Transparency Awards.

The Awards recognise and encourage the improvement of quality and transparency of reporting within the Not for Profit sector. Organisations eligible for the Awards generated in excess of $10 million during the last financial year.

Rick Millen, PwC Corporate Responsibility Partner says transparency is important for organisations at any time, particularly those reliant upon government funding and community philanthropy.

Forty four NFP organisations entered this year’s awards, drawing from a broad cross-section of institutions. Organisations’ disclosure was assessed according to a framework of criteria including strategy, financial and operational performance, governance, risk policies and sources of funding.

Graham Meyer, CEO of the ICA says the quality of NFP reporting in Australia is highly variable due to a lack of a universal regulatory regime. This is a key issue highlighted by a recent Senate Inquiry into the NFP sector

Meyer says until an appropriate regime is introduced it is important that NFP entities follow best practice reporting to counteract a perceived lack of comparability and minimum reporting requirements.

Kevin Clarke for the Centre for Social Impact says donors want to be well-informed about how their money is being used before committing to a NFP.

As a result, he says NFPs are prioritising reputation and branding along side transparency and accountability. The depth and calibre of this year’s entrants demonstrates the value NFPs place on transparent reporting, to communicate and enhance trust with their stakeholders.

The judges said Oxfam’s comprehensive reporting and robust disclosure policies combined with clear and engaging presentation made them a worthy recipient of this year’s PwC Transparency Awards."

They say using a combination of quantitative and qualitative information, Oxfam’s reporting provided a clear and detailed picture of its many programs, processes, staff and volunteer activities."

Commenting on the runner-up the judges said World Vision is a very large Australian NFP organisation with a broad and complex footprint. They overcame the challenges of this complexity to demonstrate many of the qualities that exemplify a well-governed and more transparent organisation in an accessible and user-friendly way.

The Awards were presented to the winner and runner-up by Senator Ursula Stephens, Parliamentary Secretary for the Voluntary Sector and Social Inclusion.

Sen Stephens said the awards play a significant and valuable role in not only recognising excellence in the sector but also promoting best practice reporting by the role model of the winner and the learnings that are achieved through the intensive judging process.




Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers?

Get in touch at news@probonoaustralia.com.au

Tags : Awards,

 Print

Get more stories like this

FREE SOCIAL
SECTOR NEWS

Write a Reply or Comment

Your email address will not be published. Required fields are marked *



YOU MAY ALSO LIKE

Recognising The Community Sector’s Unsung Heroes

Wendy Williams

Tuesday, 19th June 2018 at 5:21 pm

Australian Not-for-Profit Technology Awards Finalists Announced

Contributor

Thursday, 12th April 2018 at 8:24 am

Finalists Named in 2017 Workplace Giving Excellence Awards

Lina Caneva

Wednesday, 11th October 2017 at 4:16 pm

Nominate for Human Rights Award

Lina Caneva

Monday, 14th August 2017 at 1:54 pm

POPULAR

Australia Gets First Blockchain Charity

Wendy Williams

Wednesday, 4th July 2018 at 5:07 pm

Man Battling Cancer and Centrelink Raises Social Media Storm

Paul Carter

Tuesday, 10th July 2018 at 12:42 pm

Next-Gen Indigenous Leader Addresses UN Human Rights Council

Paul Carter

Wednesday, 4th July 2018 at 3:21 pm

New Research Looks to Improve Disability Employment Rate

Luke Michael

Monday, 9th July 2018 at 2:35 pm

AHRI
pba inverse logo
Subscribe Twitter Facebook

The social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!