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

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.”