Submission deadline extended for Corporate Reporting Awards

TORONTO, July 12 /CNW/ - The deadline to enter the Corporate Reporting Awards, presented annually by the Chartered Accountants of Canada, is being extended to Friday, July 16, 2010.

For the first time ever, provincial Crown corporations can enter. Previously, just corporate Canada and federal Crown corporations participated.

The awards have recognized excellence in financial and corporate reporting in Canada for almost 60 years. The program reflects the CA profession's commitment to enhancing the quality of reporting.

"The ultimate goal of the program is to improve corporate reporting in Canada," stressed Kevin Dancey, FCA, president and CEO, Canadian Institute of Chartered Accountants (CICA). "All participants receive valuable feedback from the judges about their entry in an effort to help them make improvements going forward. Investors and stakeholders value reports that are relevant and easy to understand."

Awards of Excellence for publicly listed companies in various industry sectors will be presented. Separate awards and honourable mentions will be given to companies for financial reporting, corporate governance disclosure, electronic disclosure and sustainable development reporting.

In addition, large and small Crown winners will be chosen in both the federal and provincial categories.

Judging information and instructions on the simple two-step entry process can be found on-line (www.cica.ca/cra).

The original date for the awards ceremony has been changed since the event will now be part of the CICA's Financial Reporting and Accounting Conference. The new date for the special awards luncheon is Thursday, November 25, in Toronto.

The Canadian Institute of Chartered Accountants (CICA), together with the provincial, territorial and Bermuda Institutes/Ordre of Chartered Accountants, represents a membership of approximately 75,000 CAs and 12,000 students in Canada and Bermuda. The CICA conducts research into current business issues and supports the setting of accounting, auditing and assurance standards for business, not-for-profit organizations and government. It issues guidance on control and governance, publishes professional literature, develops continuing education programs and represents the CA profession nationally and internationally. CICA is a founding member of the International Federation of Accountants (IFAC) and the Global Accounting Alliance (GAA).

For further information: For more information or to arrange an interview, contact: Tobin Lambie, Manager, Media, CICA, [phone], [email protected], www.cica.ca