TORONTO, Dec. 6, 2017 /CNW/ - Chartered Professional Accountants of Canada (CPA Canada) is pleased to announce the winners of the prestigious annual Awards of Excellence in Corporate Reporting. Twenty-seven organizations were honoured with BMO Financial Group, Barrick Gold Corporation, Goldcorp and Teck leading the way with Platinum Awards.
"We are proud to acknowledge the first-rate work of this year's winners," says Joy Thomas, president and CEO, CPA Canada. "Strong corporate reporting inspires trust, enhances accountability and helps protect the public interest."
This year, the winner's circle was expanded to more accurately reflect the high-quality reporting produced in Canada. In addition to the Awards of Excellence in four judging categories, Gold and Silver Awards now recognize publicly listed and Crown organizations that meet defined standards for exceptional reporting. The program's highest honour, the Platinum awards, recognize listed companies that record outstanding achievement in all four judging categories: financial reporting, sustainability reporting, corporate governance disclosures and electronic disclosures.
"In an ever-evolving and complex global economy, organizations must adapt to changing expectations and new environments while remaining accountable for their financial, social and environmental impact," adds Thomas. "We applaud all of our winners, as well as the dedicated judges who assessed the entries, for playing an active and important role in advancing corporate reporting in Canada."
To elevate the bar for excellence each year, CPA Canada provides all entrants with a confidential assessment of how they measured up against the best practices, and also offers specific recommendations to help them improve their future corporate reporting.
This is the 66th year the awards have showcased the best in reporting practices. The winners were announced at a gala held in Toronto, Ontario.
The 2017 winning companies are:
Platinum Winners: Barrick Gold Corp., Goldcorp, Teck, BMO Financial Group
Award of Excellence in Financial Reporting: Canadian Tire Corp., Ltd.
Award of Excellence in Electronic Disclosure: Agnico Eagle Mines Ltd.
Award of Excellence in Corporate Governance Disclosure: TELUS
Award of Excellence in Sustainability Reporting: Teck
Crown Organization Silver Winners: Bank of Canada, Canada Mortgage and Housing Corporation, Canadian Air Transport Security Authority, CBC/Radio-Canada, Export Development Canada
A special thank you to our corporate sponsors:
Gold sponsor: TMX Group Ltd. Listed Magazine
Silver sponsor: PwC
Official Newswire sponsor: Cision
About CPA Canada
The new Canadian designation, Chartered Professional Accountant (CPA), is now used by Canada's accounting profession across the country. The profession's national body, Chartered Professional Accountants of Canada (CPA Canada), is one of the largest in the world with more than 210,000 members, both at home and abroad. The Canadian CPA was created with the unification of three legacy accounting designations (CA, CGA and CMA). CPAs are valued for their financial and tax expertise, strategic thinking, business insight, management skills and leadership. CPA Canada conducts research into current and emerging business issues and supports the setting of accounting, auditing and assurance standards for business, not-for-profit organizations and government. CPA Canada also issues guidance and thought leadership on a variety of technical matters, publishes professional literature and develops education and professional certification programs. cpacanada.ca
SOURCE CPA Canada
For further information: John Fenton, Manager, Media Relations, CPA Canada, Tel: 416-204-3941, Email: [email protected]