CIMA and the Chartered Accountants of Canada (CPA Canada) have signed a Memorandum of Understanding
The MoU will allow members of each professional accountancy body to concurrently become members of the other body and adopt, subject to criteria, the relevant designatory designation.
CIMA members are now able to join a provincial/regional CPA body, subject to passing days two and three of CPA Profession’s Common Final Exam. CPA Canadian members will need to pass the CGMA Strategic case study. Both sets of members will also have to meet the other body’s practical experience requirements.
Andrew Harding, FCMA, CGMA, Chief Executive — Management Accounting at The Association of International Certified Professional Accountants, representing AICPA & CIMA, said: “I am delighted that we have reached this agreement with the Chartered Professional Accountants of Canada, and it reflects our strong working relationship. CIMA has a large global membership base, with a strong cohort in Canada. The agreement will mean that CIMA and CPA Canada members will now have a bigger range of employment opportunities and will be able to use their skills even more widely. Holding the CPA and CGMA designations shows a depth of accounting and finance knowledge that companies all over the world will be looking to acquire to enhance their competitive advantage.”