History of the CICA Corporate Reporting Awards

Next year, the CICA Corporate Reporting Awards (CRA) program will celebrate its 60th anniversary. The CRA began in the early 1950s. Originally, the awards were based on hardcopy annual reports (from 1951-1992). Today, the awards have expanded beyond the annual reports to include sustainable development (introduced in 1993), MD&A (introduced in 1995), corporate governance (introduced in 1996), scorecards (introduced in the late 1990s) and electronic financial reporting (introduced in 2001). Now, the major federal and provincial crown corporations are also included (introduced in 2007 and 2009, respectively). 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 and J. Efrim Boritz (pages 6-12 and Appendix B).