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July 11, 2011

ACCA and CGA-Canada renew mutual agreement

The UK Association of Chartered Certified Accountants (ACCA) and the Certified General Accountants Association of Canada (CGA-Canada) have renewed their mutual recognition agreement (MRA).

The agreement, first signed in 2006, will now continue until 2016.

The MRA has previously allowed the two international accountancy bodies to research into the challenges faced by small and medium businesses attempting to gain access to finance. The research produced a wide range of recommendations for governments, lenders and businesses to help reduce the barriers to business growth, the organisations said.

“Increasingly, the accounting profession is being impacted by decisions made on the global stage, which makes strategic collaboration critically important for our members, students and the public,” CGA-Canada chair Joyce Evans said.

ACCA deputy president Dean Westcott added: “We are delighted to be renewing this important agreement with CGA-Canada, which has already delivered considerable benefits for members during a challenging period for our profession and the wider business community.”

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