Voluntary Sector Reporting Awards

Voluntary Sector Reporting Awards

November 20, 2008 09:44 ET

Voluntary Sector Reporting Awards Promote Financial Reporting Excellence

Winners to be honoured at North York luncheon Nov. 24

TORONTO, ONTARIO--(Marketwire - Nov. 20, 2008) - The winners of the first annual Voluntary Sector Reporting Awards (VSRAs) will be announced at a luncheon ceremony on November 24. At a time when financial reporting is becoming increasingly important to organizations of all types and sizes, the VSRAs recognize those organizations within Ontario's diverse and growing not-for-profit sector that have achieved best practices.

In the interest in promoting timely and accurate financial statements, the Voluntary Sector Reporting Awards (VSRAs) program was launched by CA-Queen's Centre for Governance under the sponsorship of the Queen's School of Business, PricewaterhouseCoopers Canada (PwC) and the Institute of Chartered Accountants of Ontario.

The nominees are:
Total revenues over $1 million
- Canadian Cancer Society, Ontario Division
- Covenant House Toronto
- St. John Council for Ontario (St. John Ambulance)
- United Way of Greater Toronto
- Kingston Literacy
- United Way of Greater Simcoe County

Total Revenues of $500,000 up to $1 million
- North York Harvest Food Bank
- Ontario Agri-Foods Education Inc.
- Sarnia-Lambton "Rebound" - A Program for Youth

Total Revenues less than $500,000
- Children's International Learning Centre
- Hospice King-Aurora (Hospice King)

The awards recognize best practices for financial reporting by registered charities that produce annual reports in Ontario. Their annual reports are rated for availability, clarity, user friendliness, accessibility and impact. Organizations competed in four categories based on revenue size with the winner in each category receiving $5,000 and recognition as leaders in the field.

WHAT: Voluntary Sector Recognition Awards
WHEN: Monday, November 24 from 11:30 a.m. to 2 p.m.
(presentations at 1 p.m.)
WHO: Nominated charities and representatives from Queen's School of
Business, PricewaterhouseCoopers Canada (PwC) and the
Institute of Chartered Accountants of Ontario
WHERE: Novotel Hotel, 3 Park Home Avenue, North York

About the CA-Queen's Centre for Governance at Queen's School of Business

CA-Queen's Centre for Governance (business.queensu.ca/centres/CA-QCG/) goal is to raise the bar on Canadian governance research and convey that research's implications to fellow academics, students and the public at large. Situated at Queen's School of Business (business.queensu.ca), one of the world's premier business schools, the Centre conducts cutting edge basic and applied research on corporate governance issues dealing with such issues as fraud prevention through better internal control and improving Canadian securities regulation. The Centre is also actively involved in the not for profit sector through the associated Fundamental of Governance for Boards of municipal, provincial and federal agencies, and not-for-profit organizations executive development course, case writing, applied research and now the Voluntary Sector Reporting Awards.

About the Institute of Chartered Accountants of Ontario:

The Institute of Chartered Accountants of Ontario is the qualifying and regulatory body of Ontario's more than 33,000 CAs and 5,000 CA students. Since 1879, the Institute has protected the public interest through the CA profession's high standards of qualification and the enforcement of its rules of professional conduct. Recognized internationally, the CA designation denotes financial expertise, strategic thinking, business insight and leadership. The Institute website is: www.icao.on.ca and the student website is www.ca2b.biz.

About the PricewaterhouseCoopers LLP:

PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 155,000 people in 153 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice. In Canada, PricewaterhouseCoopers LLP (www.pwc.com/ca) and its related entities have more than 5,200 partners and staff in offices across the country.

"PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario limited liability partnership, or, as the context requires, the PricewaterhouseCoopers global network or other member firms of the network, each of which is a separate and independent legal entity.

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