The Institute of Certified Public Accountants of Australia (CPA Australia) and the Chartered Institute of Management Accountants (CIMA) have renewed their mutual recognition agreement for another four years, starting November 2012.

The agreement was initially established in January 2009 and allows members of both bodies reciprocal membership. According to CPA Australia president John Cahill the agreement is meant to improve access to international job markets as well as encourage international take-up of professional and educational standards.

CIMA president Gulzari Babber expressed satisfaction about the growing partnership, saying that members could benefit from "an additional opportunity to enhance their competitiveness in the global market."