(OTTAWA) – December 10, 2015
The Chartered Professional Accountants of Canada (CPAC) yesterday announced Export Development Canada (EDC) as the winner of the 2015 Award of Excellence in Financial Reporting – Federal Crown (Large).
The Awards of Excellence in Corporate Reporting is Canada's only awards program that recognizes and promotes best practices in corporate reporting, and are the most prestigious and coveted national awards of their kind in Canada.
The CPAC’s independent panel of judges found that EDC’s 2014 annual report, Reaching our Export Potential, was “an outstanding example of transparent, clear, concise reporting, presented in a manner that was understandable and enjoyable to read.”
According to the judging report, the key factors that contributed to EDC’s win were:
- Effective use of stories and examples to bring the information to life
- EDC’s mandate and the corresponding strategies were clearly outlined
- Business, financial and customer-related performance measures were clearly outlined, including the actual results and goals for the year
- The 2015 Strategic Objectives section provided an informative bridge from the 2014 results to the forward-looking objectives, including the measures that will be used to assess progress
- The Management’s Discussion and Analysis section put the financial results in the context of the business objectives and strategies
- The Corporate Social Responsibility section was well received
Winning companies were honoured at an awards gala, on December 9th, 2015, and were featured in the Judges’ Book - a commemorative publication that explains the distinguishing features of the top reports.
EDC helps Canadian companies go, grow, and succeed in their international business. As a financial Crown corporation, EDC provides financing, insurance, bonding, trade knowledge, and matchmaking connections to help Canadian companies sell and invest abroad. EDC can also provide financial solutions to foreign buyers to facilitate and grow purchases from Canadian companies.
For more information about how we can help your company, call us at
1-888-434-8508 or visit www.edc.ca.
Export Development Canada