27 October 2005
The Chartered Institute of Management Accountants (CIMA) and The American Institute of Certified Public Accountants (AICPA) have agreed to collaborate on developing high quality products and services for their members. This will allow CIMA, the only international chartered accountancy body with a sole focus on accountants in business, to offer the AICPA, the biggest professional accountancy body in the world, additional professional resources for its members working in business and industry, who comprise nearly 50 per cent of its membership.
John Morrow, AICPA Vice President, The New Finance, who oversees services for CPAs in business and industry, said:
'This collaboration will help our members continue developing the skills to succeed as they assume different roles and levels in business.'.
The resources developed through the CIMA-AICPA relationship will encompass three core areas: business management, management accounting and financial management. 'Having employees with these skills will allow organizations to gain an advantage in a complex business environment,' Morrow said. According to Morrow, the impetus for the agreement was the fact that CFOs are taking a more prominent role in steering the direction of their organisations' business practices.
Charles Tilley, CIMA Chief Executive said: 'Both CIMA and the AICPA wish to develop their support to their members working in business. It clearly makes sense to share the effort of providing this support and also help CIMA build its brand in the U.S. where we have an increasing number of members.'
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For further information, please contact:
Steven Hilton Joel Allegretti
Press Officer, CIMA Media Relations, AICPA
+44 (0) 20 8849 2427 +1 (212) 596 6111
steven.hilton@cimaglobal.com jallegretti@aicpa.org
Notes to editors
1. CIMA (the Chartered Institute of Management Accountants) is the only international accountancy body with a sole focus on business. It is a world leading professional institute that offers an internationally recognised qualification in management accountancy, focusing on accounting in business, in both the private and public sectors. It is the fastest growing UK based accountancy body, in terms of members, in both the UK and worldwide and is the voice of over 85,000 students and 65,000 members in 158 countries. CIMA is responsible for the education and training of management accountants who work in industry, commerce and not-for-profit and has more members in the public sector than any other UK based body. CIMA prides itself on the commercial relevance of its syllabus, which is in tune with the activities of high performance organisations, and evolves continually to reflect the latest developments in global business. It is committed to upholding the highest ethical and professional standards of members and students, and to maintaining public confidence in management accountancy. For more information about CIMA, please visit
www.cimaglobal.com2. The American Institute of Certified Public Accountants (AICPA) is the national professional association of CPAs, which nearly 350,000 members, including CPAs in business and industry; public practice; government; and education; student affiliates; and international associates. It sets ethical standards for the profession and U.S. auditing standards for audits of private companies; federal, state and local governments; and non-profit organizations. It also develops and grades the Uniform CPA Examination. For more information about AICPA, please visit
www.aicpa.org27 October 2005051027