The UK-based Chartered Institute of
Management Accountants (CIMA) has entered its first quality
training partner agreement with an organisation based in the
US.

CIMA has almost 4,000 training partner
agreements, of which about 800 are quality partners. A large number
of these organisations are based in the UK, but there are also many
from other jurisdictions.

The new agreement is with the World Bank’s
resource management function, which performs the financial and
management accounting role at the bank.

According to CIMA, it is the first UK-based
accountancy body to enter into an agreement with the World Bank to
train finance and accounting employees in a professional
accountancy qualification.

The partnership will initially involve just a
small number of trainees and be limited to the US.

However, CIMA chief executive Charles Tilley
says there is significant scope for growth around the world.

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.

The World Bank employs about 10,000 people
from more than 160 countries.

“The finance function has a key role in
supporting effective governance, delivery of strategy, also in the
whole area of performance management, which is about managing
resources, managing risk, and then ultimately the reporting,”
Tilley said.

“Those skills are really required across all
organisations, but particularly in organisations which are have a
very wide range of activities across the world and are involved in
very significant projects.”

Quality training partners must provide a
complete programme of support to employees studying for the CIMA
qualification.

Other attributes CIMA looks for in quality
training partners include a culture of training and support within
the organisation, mentoring support, financial support for the
tuition and study guides, and support in terms of time off for
study.

“We are very excited about the fact
that this is our first quality training partner in the US and it is
great to start with an organisation of the prestige of the World
Bank,” Tilley said.