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CIMA and AICPA form joint venture on international management accounting

  • CIMA (Chartered Institute of Management Accountants) (lt green) Image
  • AICPA (American Institute of CPAs) (lt green) Image

25 Mar 2011

The Chartered Institute of Management Accountants (CIMA), headquartered in London, and the American Institute of Certified Public Accountants (AICPA), headquartered in New York, are launching a joint venture designed to give management accountancy a higher profile in the United States and promote its development across the world.

The step, which requires ratification from the institutes' respective governing bodies, would combine the resources of the AICPA in North America with CIMA's presence in Europe, Middle East, Africa, Asia and elsewhere.

CIMA and AICPA would create a new not-for-profit joint venture to be called the Association of International Certified Professional Accountants. The joint venture would promote a new professional accounting designation which would recognise professionals around the world in management accounting, enterprise and performance strategy. The joint venture would also promote the US Certified Public Accountant (CPA) qualification as a worldwide standard of professional excellence in public accounting.

Click for CIMA press release (link to CIMA website).

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