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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2730

CIMA collaborates with CMA Canada and CPA Australia

By Quintus Perera – Asian Tribune

Colombo, 18 February, ( Chartered Institute of Management Accountants (CIMA) won further international acclaim with the signing of mutual recognition agreements with two of the world’s leading accountancy bodies, Certified Management Accountants (CMA) Canada and Certified Practising Accountants (CPA) Australia.

CMA Canada grants a professional designation in strategic management accounting and is responsible for standards-setting, accreditation and the continuing professional development of CMAs, CPA. CPA Australia is the world’s seventh largest accounting body, representing more than 117,000 finance, accounting and business professionals located predominantly in Australia, Asia and Europe. These global alliances form part of CIMA’s strategy to promote the ever-increasing employability of its members around the world.

Commenting on the signing up with CMA and CPA, Glynn LOwth, President, CIMA indicated that their partnerships with influential accounting bodies, CMA Canada and CPA Australia, are extremely beneficial for their members and have afforded them opportunities to increase their competitiveness in the international arena and as well as enhance their strategic management skills.

He said that the nature of the international economy dictates that management accountants must be globally-minded and stressed these strategic alliances strengthen CIMA’s position by offering increased knowledge-sharing and collaboration, particularly in the areas of strategic accounting skills and performance measurement.

The reciprocal membership agreement with CPA Australia is a new alliance for an initial four-year term. The CMA Canada agreement, which comes into effect immediately, is a renewal for an additional five years of the original agreement and it details how members of CMA Canada and CIMA can gain reciprocal membership.

Alex Malley, President, CPA Australia has said that CPA Australia’s mutual recognition agreement with CIMA further strengthened each organization’s standing on the global accounting stage and gave all members unprecedented access to international job markets.

Michael Tinkler, an FCMA and Chair of the CMA Canada National Board of Directors, has said that the mutual recognition agreement between CIMA and CMA Canada will increase recognition of members of both organizations in the global marketplace, as well as provide for greater international mobility and career opportunities. “Members of CMA Canada and CIMA have made significant impact on the growth and success of a number of organizations,” said Mr Tinkler.

The agreements will give all CMA Canada members and CPA Australia members who have gained membership through the Business route preferred access to CIMA membership, while CIMA members will be given preferred access membership to both CMA Canada and CPA Australia. The new agreements will be accessible to more than 190,000 finance professionals.

Bradley Emerson, Regional Director, South Asia and the Middle East, said that this clearly establishes the true global recognition of CIMA. It is in particular interest to Sri Lanka, given the fact that both Canada and Australia are countries where most of Sri Lankan members and students are relocated. In effect CIMA is one qualification that brings in three professional memberships, will no doubt be an incentive to all our members and passed finalists.

- Asian Tribune -

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