TORONTO, Dec. 7, 2016 /CNW/ - TELUS received the top honour amid multiple wins at the Awards of Excellence in Corporate Reporting, presented annually by Chartered Professional Accountants of Canada (CPA Canada).
TELUS is a traditional powerhouse at the awards, regularly receiving recognition from the judges in numerous categories and has now received the Overall Award of Excellence in Corporate Reporting seven times in the past nine years.
In presenting the awards, CPA Canada recognizes the important role high quality reporting plays within the Canadian economy and in the stability of the global financial system. The information contained in corporate reports can drive key investment and business decisions. CPA Canada's ultimate objective with the awards program is to continually improve the quality of corporate reporting practices in Canada.
"Congratulations to TELUS for yet another strong showing," says Joy Thomas, president and CEO, CPA Canada. "The effort clearly demonstrates that top performers do not rest on their laurels. Moving the bar higher each year requires dedication and perseverance."
In addition to earning the top honour, TELUS also captured the industry sector award for Communications and Media and won in the Corporate Governance Disclosure category.
"To be recognized by CPA Canada is a reflection of the TELUS culture and our focus to provide accurate, transparent and useful information for investors and other stakeholders," says Doug French, executive vice-president and chief financial officer, TELUS. "It is a tremendous honour and further strengthens our team's commitment to continuous improvement."
Goldcorp, last year's winner of the Overall Award, received two honours winning in the mining category and also receiving the Award of Excellence in Sustainability Reporting.
Four other companies received multiple honours: Suncor Energy Inc., Intact Financial Corporation, WSP Global Inc. and Enbridge Inc. A complete list of winners is below.
In total, 20 awards were presented to winners from both the corporate and public sectors at a gala event in Toronto, Ontario. Each program participant receives a confidential assessment of its reporting materials to help the organization improve year over year.
"Thank you to all the organizations that entered this year's competition," adds Thomas. "Your commitment to continual improvement is recognized and valued."
The awards are the most prestigious and coveted national honours for corporate reporting in the country. The program has recognized the nation's best reporting practices for 65 years and honours Canadian listed companies and Crown organizations.
Publicly listed companies vie for awards within their industry sector as well as in the four judging areas: Financial Reporting, Corporate Governance Disclosure, Electronic Disclosure and Sustainability Reporting. Federal and provincial Crown corporations are assessed on financial reporting practices.
To learn how the winners of the 2016 Awards of Excellence in Corporate Reporting impressed the judges, visit cpacanada.ca/CRawards where the 2016 Judges' Book is available along with additional information about the program.
Award of Excellence in Corporate Reporting – Overall
Awards of Excellence in Financial Reporting – Crown organizations
- Federal (Large): Canada Deposit Insurance Corporation
- Federal (Small): Telefilm Canada
- Provincial: SaskPower
Awards of Excellence in Corporate Reporting – Industry sectors
- Communications and Media: TELUS
- Consumer Products and Services: Canadian Tire Corporation
- Financial Services: BMO Financial Group
- Industrial Products and Services: WSP Global Inc.
- Mining: Goldcorp
- Oil and Gas/Forestry Products: Suncor Energy Inc.
- Real Estate: Boardwalk REIT
- Utilities/Pipelines: Enbridge Inc.
Awards of Excellence in Corporate Reporting: Judging categories
- Financial Reporting: PotashCorp
Honourable Mention: Intact Financial Corporation
- Electronic Disclosure: Intact Financial Corporation
Honourable Mention: WSP Global Inc.
- Sustainability Reporting: Goldcorp
Honourable Mention: Suncor Energy Inc.
- Corporate Governance Disclosure: TELUS
Honourable Mention: Enbridge Inc.
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 200,000 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
Image with caption: "CPA Canada's Awards of Excellence in Corporate Reporting (CNW Group/CPA Canada)". Image available at: http://photos.newswire.ca/images/download/20161207_C8744_PHOTO_EN_834893.jpg
Image with caption: "TELUS captures top honours at the 2016 Awards of Excellence in Corporate Reporting, presented annually by Chartered Professional Accountants of Canada. Trent Klein, director, finance, TELUS, accepts the Overall Award of Excellence, Wednesday, December 7, 2016, in Toronto. (CNW Group/CPA Canada)". Image available at: http://photos.newswire.ca/images/download/20161207_C8744_PHOTO_EN_834899.jpg
For further information: Tobin Lambie, Principal, Media, CPA Canada, T: 416-204-3228, C: 647-302-3761, [email protected]; Diana Sorace, Manager, Media Relations, CPA Canada, T: 604-694-6700, C: 604-551-4487, [email protected]