| Academy Award Nominations and Winners: |
| ★ | Best Picture |
| ✓ | Best Director: Carol Reed |
| Best Actor: Ron Moody |
| Best Supporting Actor: Jack Wild |
| Best Adapted Screenplay: Vernon Harris |
| Best Cinematography: Oswald Morris |
| ✓ | Best Art Direction: John Box & Terence Marsh; Vernon Dixon & Ken Muggleston |
| Best Costume Design: Phyllis Dalton |
| Best Film Editing: Ralph Kemplen |
| ✓ | Best Score (Musical, Original or Adaptation): Johnny Green |
| ✓ | Best Sound |
| ✓ | Honorary Award: Onna White (choreographer) |
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| Golden Globe Nominations and Winners: |
| ★ | Best Picture (Musical/Comedy) |
| Best Director: Carol Reed |
| ★ | Best Actor (Musical/Comedy): Ron Moody |
| Best Supporting Actor: Hugh Griffith |
| Most Promising Newcomer (Male): Jack Wild |