AWCBC

AcronymDefinition
AWCBCAssociation of Workers Compensation Boards of Canada
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In 1992 the AWCBC, on behalf of all 12 WCB jurisdictions in Canada, appointed accounting firm, Doane Raymond Pannell (now Grant Thornton) and an actuarial firm Wyatt Company to conduct a study (known as the Doane Wyatt study) on financial reporting and compilation of KPIs.
It is interesting to note the AWCBC did not change its definition of funded position in response to the change in accounting standards.
The national performance measures compiled by the AWCBC include a greater proportion of outcome measures reflecting efficiency and effectiveness, but this data is often voluntary and is not audited.