• Register
Return to: Home > News > Industry Appointments > IMA granted IFAC membership

IMA granted IFAC membership

Article by James Callery

The International Federation of Accountants (IFAC) has admitted the US Institute of Management Accountants (IMA) as a member during its latest council meeting held in South Korea last week.

IMA said in a statement it will work with the IFAC to provide technical guidance on international accountancy programs and standards issued by independent standard setting boards supported by IFAC and the International Accounting Standards Board.

"We look forward to working with IFAC to address significant challenges facing the profession globally, including financial reporting standards, the talent shortage, and the needs of emerging economies," IMA president and chief executive Jeff Thomson said.

IMA also said it will work with IFAC on global initiatives including the Professional Accountants in Business Committee, which aims at achieving global recognition of accountants as leaders and strategic partners within companies.

Together with the American Institute of Certified Public Accountants, IMA is one of the two US-based institutes that have gained IFAC's membership so far.

IFAC has also admitted three existing associates to its organisation: the Cayman Islands Society of Professional Accountants, the Institute of Certified Auditors of the Republic of Macedonia and the National Institute of Chartered Accountants of Senegal.

The Palestinian Association of Certified Public Accountants has also been made an associated member.


Related link

The International Federation of Accountants

The Institute of Management Accountants

Top Content

    Accountancy Europe: the winner takes it all

    Jonathan Minter spoke to Olivier Boutellis-Taft, chief executive officer at Accountancy Europe, about how technology could change the industry, and how training needs to keep up to enable the profession to develop

    read more

    Embracing global technology trends

    Accountancy Europe’s Digital Day 2018 found the European accounting profession looking to tackle the challenges presented by new technologies head on. Jonathan Minter reports from the day

    read more

    IMA Conference: automation of the audit

    At the annual conference of the Institute of Management Accountants (IMA) in Indianapolis, Deloitte partner Alex Smith gave a presentation on digital transformation in the profession. Joe Pickard spoke to Smith following the presentation to find out more about his views on the future of audit

    read more

    IMA Conference: technology and the human effect

    The annual conference of the Institute of Management Accountants (IMA) took place in Indianapolis this year. Members of the profession gathered to hear the latest from the institute and other market players, covering some of the challenges and opportunities the profession faces.

    read more

    The Caribbean: a digital paradise

    The ICAC hosted its 36th annual conference in June this year – very much looking to the future following a tough 2017 for the Caribbean. Jonathan Minter spoke with chief executive officer Misha Lobban Clarke

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.