The Federal Housing Finance Agency (FHFA) was honored with a fifth consecutive Certificate of Excellence in Accountability Reporting (CEAR) award last evening for the agency’s 2012 Performance and Accountability Report (PAR). The CEAR award is the highest award from the Association of Government Accountants (AGA) for fiscal accountability reporting in the federal government. The AGA presented awards to federal government entities whose PARs demonstrate “the highest standards of communicating results and accountability.” Only agencies receiving an unqualified opinion on their financial reports from an independent auditor are eligible for the CEAR.
“This award recognizes FHFA’s dedication to fiscal responsibility, transparency and accountability and I am proud of the hard work of FHFA employees who truly deserve the credit for this award,” said FHFA Acting Director Edward J. DeMarco.
In its award letter to FHFA, AGA’s executive director wrote, “FHFA continues to issue an interesting and informative report that clearly conveys its role, responsibilities, and results in overseeing the financial safety and soundness of the housing-related government-sponsored enterprises.” The executive director further stated, “We are proud to award FHFA the recognition its hard work deserves.”