The Chartered Institute of Management Accountants (CIMA) has renewed its mutual recognition agreement with one of the world’s largest accounting bodies, CPA Australia.
Both professional bodies play a vital role by equipping their members with the financial expertise and business acumen that allows them to guide their organisations to long-term, sustainable success. They are dedicated to promoting accountability and good governance worldwide and are committed to professional ethics and a code of conduct.
This agreement, first established in January 2009, allows qualified members of both CPA Australia and CIMA to gain reciprocal membership. It also identifies areas for joint initiatives – including research and advocacy – and gives members heightened access to international job markets.
CIMA President Gulzari Babber FCMA, CGMA, said of the renewed alliance: “Our partnership with CPA Australia continues to grow. It is extremely beneficial to our members and has afforded them an additional opportunity to enhance their competitiveness in the global marketplace.”
CPA Australia President John Cahill, FCPA, said that the agreement had also reinvigorated the cooperation between the two bodies to encourage international take-up of professional and educational standards. “Through our agreement we have also been able to leverage each other’s best leadership and technical assets, which has helped us in growing the accounting profession and attracting high-quality members,” Cahill stated.
The agreement, which came into effect from November 2012, is for another four-year term and details how members can gain reciprocal membership with each organisation.
The continuance of this successful relationship further strengthens the standing of both bodies in the global accounting profession. It has also assisted in enhancing members’ roles within Australia and CIMA’s core markets internationally.