Canadian Award for Financial Reporting Program

Awards

Canadian Award for Financial Reporting Program

GFOA established the Canadian Award for Excellence in Financial Reporting Program (CAnFR Program) in 1986 to encourage and assist Canadian local governments to go beyond the minimum requirements of generally accepted accounting principles, as set by the Public Sector Accounting Board of the Canadian Institute of Chartered Accountants, to prepare annual financial reports that evidence the spirit of transparency and full disclosure and then to recognize individual governments that succeed in achieving that goal.

Submitting an Application

Questions about the Canadian Award for Financial Reporting Program?

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Reports submitted to the CAnFR program are reviewed by selected members of the GFOA professional staff and a review committee, which comprises individuals with expertise in Canadian public-sector financial reporting and includes financial statement preparers, independent auditors, academics, and other finance professionals.

Each report is reviewed using a checklist designed to determine compliance with both generally accepted accounting principles (GAAP), as set by the Public Sector Accounting Board of the Canadian Institute of Chartered Accountants, and program policy. Reviews are performed by GFOA staff and selected reviewers from government, the public accounting profession, and academe who possess specialized expertise in governmental financial reporting, typically as a result of either preparing or auditing a report that has received the award. An award is granted only if there is consensus among reviewers that a report substantially complies with both GAAP and program policy.

Review Process

2023 Canadian Reviewers

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Award Winners

GFOA congratulates the organizations that won the Canadian Award for Financial Reporting for the fiscal year ended in 2023.

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