In 1950 a group of leading business people established awards for excellence in preparing annual reports to improve the standards of financial reporting and communicating with stakeholders in Australia. These Awards, now known as the Australasian Reporting Awards (ARA) have been presented every year.
The Awards are administered by Australasian Reporting Awards Limited, an independent not-for-profit organisation run by volunteer professionals from the business, government and not-for profit sectors, with the support of professional bodies concerned with the quality of financial and business reporting.
The ARA contributes to ongoing improvement in the quality of reporting by:
- Preparing and widely distributing criteria based on world best practice as guidelines for preparing an annual report;
- Conducting an annual seminar on reporting
- Recognising excellence in reporting with Gold Silver and Bronze Awards; and
- Providing constructive feedback to organisations that enter the Awards
Awards & Events
The Awards provide all organisations that produce an annual report an opportunity to benchmark their annual reports against the ARA criteria which are based on world best practice. In the General Award, Gold, Silver and Bronze Awards are presented to recognise the achievement of a high standard.
Special Awards: Competitive Awards are presented in specific areas of reporting: Sustainability; Governance; Work Health and Safety; Online; Integrated; and Communication. There is also an Award for the Best First Time Entry.
Feedback Sessions: A unique aspect of the ARA Awards process is the opportunity to receive constructive advice from an ARA adjudicator. Feedback sessions are only available to Award entrants. Feedback Sessions: A unique aspect of the ARA Awards process is the opportunity to receive constructive advice from an ARA adjudicator. Feedback sessions are only available to Award entrants.
Awards Presentation Dinner: Each year in June Award recipients are acclaimed at an Awards Presentation Dinner that has become a highlight of the business social calendar. The Dinner is held in Sydney and Melbourne in alternate years.
Seminar on Reporting: An annual Seminar on Reporting is held on the day following the Awards Dinner. The Seminar includes presentations on topical issues in reporting and a workshop on practical aspects of preparing an annual report.