CIMA and AICPA to form new association
The Chartered Institute of Management Accountants (CIMA) and the American Institute of CPAs (AICPA), will be joining forces to create a new association which will represent the breadth of the accounting profession and 600,000 current and next-generation professionals. Andrew Miskin (pictured), CIMA’s President said:
"We live in a time of rapid change and increasing competition. Responding to this, I am delighted that CIMA and the AICPA members have endorsed the proposal to create a new association so that we can stay ahead of market changes and developments."
The new association has been designed to complement rather than replace both constituent organisations, and thus, CIMA's existing structure and Royal Charter will remain, and CIMA will retain its management accounting focus. Furthermore, CIMA and the AICPA members will retain membership of their existing member organisation but will also gain additional membership of the new association.
The formation of the new association represents a deepening of the JV that CIMA and the AICPA have operated since 2011, which has expanded management accounting within the USA and created a new global designation, Chartered Global Management Accountant (CGMA).