RegulationAccounting StandardsCIMA joins forces with US accountants

CIMA joins forces with US accountants

CIMA and AICPA set to form a new body that offers fresh designatory letters for their members

THE UK’S management accounting institute has struck a deal to work with US counterparts to promote their qualifications globally.

The agreement would see CIMA and the American Institute of Certified Public Accountants (AICPA) launch a new not-for-profit organsaitoon that would enable their current members to take on new designatory letters.

Management accountancy would be promoted in the US, while the AICPA qualification would be promoted as a “worldwide standard of professional excellence”.

The venture covers a total of 550,000 members and students.

The new organisation would have a board split 50:50 between the two bodies, although the AICPA would own 60% of the organisation. The new venture will be called the Association of International Certified Professional Accountants.

“The new venture would have an unrivalled depth of resources to meet the needs of both organisations and their individual members around the world,” said CIMA president George Glass.

“We believe that the new qualification designation would prove hugely appealing in mature and emerging markets.”

AICPA chairman Paul Stahlin said: “We are delighted and fortunate to be able to work with CIMA as an established global partner that brings a wealth of experience and knowledge to this exciting new proposal.

“If approved, this joint venture promises to create long-term strategic value for our members and the companies they work for.”

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