A merger between two of the largest
professional accounting bodies in the world, the Chartered
Institute of Management Accountants (CIMA) and the American
Institute of Certified Public Accountants (AICPA), could be
considered in the future.

CIMA told The Accountant that
although it is not part of the two bodies’ current plan to work
together through a joint venture, which will officially be launched
later this month, if the partnership is a success a merger or other
options “could be considered in the future”.

At the moment CIMA and AICPA intend to take
advantage of each other’s respective strengths through the joint
venture, which will create a new global management accounting

The Association of International Certified
Professional Accountants will not replace the AICPA or CIMA
designations but provides AICPA members an accelerated
pathway to obtain a management accountancy

Both professional bodies will have equal
decision making through a 50:50 board with CIMA and AICPA rotating
the role of chairman.


How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Related article

CIMA, AICPA to form global designation