GSE Conservator Honored With Prestigious Fiscal Accountability Reporting Award

On behalf of the Federal Housing Finance Agency (FHFA), Acting Director Edward J. DeMarco has accepted the FHFA's fourth consecutive Certificate of Excellence in Accountability Reporting (CEAR) Award for the agency’s 2011 Performance and Accountability Report. The CEAR Award is the highest award for accountability reporting in the federal government. The Association of Government Accountants (AGA) presented awards to federal government entities whose Performance and Accountability Reports (PARs) demonstrate “the highest standards of communicating results and demonstrating accountability.” FHFA, the conservator of both Fannie Mae and Freddie Mac, was one of only 19 agencies to receive the award. Only agencies receiving an unqualified opinion on their financial reports from an independent auditor are eligible for the CEAR. “I am proud that FHFA has received this prestigious award for a fourth consecutive year," said DeMarco. "I congratulate the many employees of FHFA on their hard work in exemplifying the virtues of fiscal responsibility, transparency and accountability that this award recognizes.” In its Award letter to FHFA, AGA Executive Director Relmond P. Van Daniker, DBA, CPA wrote, “We are proud to award FHFA the recognition its hard work deserves. With your sustained leadership and commitment, FHFA will continue to be recognized for its excellence in performance and accountability reporting and serve as a model for other agencies.”