Wednesday, November 17, 2010

History of the CICA Corporate Reporting Awards



The CICA Corporate Reporting Awards (CRA) began in the early 1950s. Originally, they were based on hardcopy annual reports (from 1951-1992). Today, the awards have expanded beyond the annual reports to include sustainable development awards (introduced in 1993), MD&A (introduced in 1995), corporate governance awards (introduced in 1996), electronic financial reporting (introduced in 2001) and scorecards (introduced in the late 1990s). Now, the major federal crown corporations are also included (introduced in 2007). For a brief history of the Corporate Reporting Awards, refer to the March 2010 research paper “Corporate Reporting Awards and Financial Reporting Quality” by Tim Bauer (tdbauer@uwaterloo.ca) and J. Efrim Boritz (jeboritz@uwaterloo.ca) – pages 6-12 and Appendix B).