The Institute of Chartered Accountants in England and Wales (ICAEW) and CPA Canada have signed a Reciprocal Membership Agreement (RMA), the first such agreement between the two bodies.
The RMA specifies the criteria by which members of one body are eligible for membership in the other. It was signed by the Canadian profession’s national body, CPA Canada, on behalf of the CPA provincial and territorial bodies and the Chartered Professional Accountants of Bermuda, which has a long affiliation with the Canadian CPA profession.
“Canadian CPAs are committed to increasing international labour mobility through comprehensive international credential recognition agreements,” said Joy Thomas, president and CEO, CPA Canada. “These agreements serve the public interest by providing a pathway for our members to take advantage of career opportunities abroad and by helping top finance and accounting talent to become Canadian Chartered Professional Accountants. It’s a win for Canada, England and Wales, and the global economy.”
The RMA came into effect on 1 November 2018.