The Chartered Institute of Management Accountants (CIMA) and the Philippine Institute of Certified Public Accountants (PICPA) along with Philippine Association of Management Accountants (PAMA) have renewed their Memorandum of Understanding (MoU) for an additional three years.

Under the renewed tripartite agreement, PICPA members have the opportunity to gain membership with CIMA, contingent upon passing the CGMA Professional Qualification Strategic Case Study Exam.

Furthermore, candidates must fulfil practical experience requirements, proving their competence and experience in the workplace.

The PAMA will administer the programme locally, aiding in candidate registration and guiding their progression through the qualification process.

Over time, the partnership between CIMA and PICPA has significantly widened the employment prospects for professionals in accounting, finance, and business sectors within the Philippines.

Moreover, the collaboration has provided employers in the Philippines with access to a broader and more skilled talent pool.

CIMA regional director – SEA Markets Saritha Subramaniam said: “The renewal of this tripartite agreement with PICPA and PAMA recognises the expertise of finance professionals in the Philippines and supports their aspirations to gain the CGMA designation. It empowers professionals with greater access to global opportunities and reinforces our commitment to advancing the accounting and finance profession in the country. We look forward to continuing our support by offering insights, tools, and recognition to help them thrive in today’s evolving business landscape.”

PICPA, FY 2024–2025 president Atty. Roland Pondoc said: “The collaboration with CIMA enables us integrate global standards while fostering local innovation, ensuring that our Filipino accountants continue to keep up and lead in both the global and local arenas.”

In June 2025, CIMA and the Thailand Federation of Accounting Professions (TFAC)  renewed their MoU agreement for a further three years.