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Special relationship moves to next level
After more than three years of ‘courting’, CIMA and the AICPA have announced they are ready to take their relationship to the next stage!
The two bodies started their joint venture way back in 2012, and when they came together the pair promised to keep things under constant review. It would seem that both parties are still talking and now want to take the partnership further.
In an exclusive interview with PQ magazine, CIMA’s MD Andrew Harding explained that in order to take this next step with the American Institute of CPAs it is proposing the creation of a new association.
Together, that means an association representing 600,000 current and next-generation professionals, creating what Harding believes will be a hugely influential, truly global body of professional accountants.
Some 150,000 CIMA and AICPA members have already taken up the option to become Chartered Global Management Accountant’s (CGMA).
Harding stressed that CIMA members and students would continue to be served by CIMA. What is being integrated are the organisations’ strategies, management and operations, but both will continue to operate as separate membership bodies.
He felt students will be one of the main beneficiaries of the move, with better opportunities for employment and career prospects. Harding revealed that CIMA’s global reach was already seen a big attraction for students – some one in five new recruits mention the institute’s global influence as the key reason for choosing to study with CIMA.
Members of both CIMA and the AICPA are now being asked to endorse this new commitment in 2016.
Harding said that CIMA members were keen to keep hold of their royal charter, council set-up and mission, and have a strong affinity to their own brand. So any suggestion that this was a step on the road to a full merger was wide of the mark. There are no plans for further integration after this – so they will live together, but aren’t going to change their names!
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