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We are pleased to share the good news that CIMA members have overwhelmingly endorsed our long-term strategy and proposal to evolve our joint venture with the American Institute of CPAs (AICPA) and create a new accounting association.
“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.
We will build on the history and strengths of both CIMA and the AICPA, which will enable us to accelerate our long-term strategy, and to expand the opportunities for CGMAs around the world.”
Andrew Miskin FCMA, CGMA
In November 2015, we announced the proposal from CIMA’s Council to evolve our joint venture with the AICPA and create a new association that would represent the breadth of the accounting profession.
The ballot recently took place and we are pleased to share the results for both CIMA and the AICPA. An overwhelming 89.7 per cent of CIMA members voting have endorsed our strategy and proposal. Likewise, 86.5 per cent of the AICPA members who voted supported the proposal to create a new association.
This marks the start of a journey as we commence working to integrate our operations. Implementing the proposal will begin straight away, and while full integration will of course take time, the new Association will launch in 2017.
View our press release here.
In 2011, we formed our joint venture with AICPA to establish the Chartered Global Management Accountant® (CGMA®) designation. This marked the start of our new strategy for international growth.
We are at the forefront of our profession's response to new business needs and produce research and insights to challenge thinking and keep CGMAs at the forefront of the profession.
This has been a successful joint venture and since then, CIMA's global reach has increased significantly and we now have 50,000 CGMAs in the US.
Together we have developed the CGMA Competency Framework and the AICPA | CIMA Competency and Learning website.
In addition, members from over 20 countries contributed to our consultation on our CGMA Global Management Accounting Principles and our ability to influence international standards of best practice, our professional partnerships and the popularity of our qualifications in new markets have all increased.
This is shown through Robert Half recently listing CGMA as one of the most in-demand credentials in the US.
Members have now endorsed the proposal to accelerate our long-term strategy through the deepening of our joint venture with the AICPA and creation of a new accounting association. For more information on the proposal, click here.
The way the world does business is changing, with profound challenges for organisations across the world. Systems of production, management, and governance are all being transformed, putting increasing pressure on businesses to create added value.
The pace of change is accelerating. In today’s complex and fast-paced environment, businesses need a new agility to stay competitive.
Management accountants are central to managing and exploiting change on this scale, and CIMA is committed to making sure our members lead the process.
The creation of the new Association will accelerate CIMA’s long-term strategy and ensure our qualifications and designations are recognised as the most relevant in global management accountancy by employers, regulators and our profession.
Find out more about what members, students and business leaders had to say about CIMA’s long-term strategy and on staying relevant in a changing world. Watch the videos below and visit our endorsements page.
We welcome your comments on CIMA’s strategy and services, please email us at firstname.lastname@example.org