Advocacy

We welcome this consultation and the government’s ambition for the UK to be a world leading green finance centre. To achieve this aim more action is required from government to help businesses, markets, investors and consumers take full advantage of green finance.

Please read our full response HERE

Letter from Andrew Harding to Rt.Hon. Steve Barclay MP,  Chancellor of the Duchy of Lancaster and Minister for the Cabinet Office, about CIMA policy proposals that could help address the cost-of-living pressures now facing UK consumers and businesses.

Read letter HERE

CIMA Consultation response on Lifelong Loan Entitlement.

Please read HERE full consultation response

In case you would like to increase your knowledge about the UK and EU legislative systems, please find below a diagram for each showing the main steps towards the finalisation of a bill and a text guide detailing what happens in each step in more detail.

UK legislative diagram

EU legislative diagram

UK legislative text guide

EU legislative text guide

Global Advocacy Q1 2022 Roundup

Read quarterly report HERE

Letter on Reforming trust in corporate governance and audit to The Rt Hon Kwasi Kwarteng MP Secretary of State for Business, Energy and Industrial Strategy

Letter

Please read HERE our submission to the HM Treasury on the UK Spring Statement 2022

CIMA responded to the EU Public consultation on strengthening the quality of corporate reporting and its enforcement.

Please find the consultation response here

Q4 Global Advocacy Report.

Read full report here

This CIMA report explores the issue of productivity — what it is, how it is measured and why it is important. It covers some of the key factors that affect productivity and how productivity can be improved. It also captures management accountants’ roles in decision-making and strategies for productivity growth.

Read the full report HERE

This CIMA report explores the issue of productivity — what it is, how it is measured and why it is important. It covers some of the key factors that affect productivity and how productivity can be improved. It also captures management accountants’ roles in decision-making and strategies for productivity growth.

Please read here the key highlights of the report

UK and Global Advocacy Quarterly Roundup Quarter 3, 2021

Quarterly Report

In addition to a comprehensive review of the UK’s Money Laundering Regulations (MLRs), the Treasury has proposed a Statutory Instrument to address urgent issues to be brought before Parliament in advance of the wider review of the MLRs. CIMA has responded to this consultation.

Consultation response

CIMA has responded to a HM Treasury call for evidence seeking views on the UK’s Money laundering Regulations. The UK’s Anti-Money Laundering/Counter Terrorist Financing regime needs constant improvement to enable society to stay one step ahead of the criminals that seek to exploit UK businesses and the accountants that serve them through the laundering of the proceeds of crime. CIMA has responded in the context of our own supervisory approach as it pertains to CIMA Members in Practice.

CIMA response

Consultation response to EFRAG on EU sustainability reporting standard-setting.

Consultation response

This is CIMA’s submission to the 2021 UK Budget and Comprehensive Spending Review consultation.

CIMA UK Budget and CSR Submission 2021

AICPA & CIMA response to the IFRS Foundation consultation on the Proposed Targeted Amendments to the IFRS Foundation Constitution to Accommodate an International Sustainability Standards Board to Set IFRS Sustainability Standards.

Response

CIMA Submission to the South African Department of Higher Education and Training on RLP Policy

Commentary to the RLP Coordination Policy 2016

Read our latest report, where we round up our activities and show you how we focus our advocacy efforts, providing Governments around the world with constructive ideas for how they can support and help businesses.

Q2 Report

The Tax Administration Framework: Supporting a 21st Century Tax System – Call for Evidence

Call for evidence

Association’s response to the UK Department for Business, Energy and Industrial Strategy White Paper on Restoring Trust in Audit and Corporate Governance.

Association Response

The BEIS Select Committee released their Report on Post Pandemic Economic Growth – Industrial Policy in the UK on 28 June 2021, in which CIMA was mentioned and quoted as follows:  

‘The Chartered Institute of Management Accountants argued that there was a need for new sector deals, for instance for the professional services sector which would provide essential support for UK businesses but which was also a key sector in its own right in terms of employment and contribution to the UK economy.’ 

Page 21, Chapter 4 – Sector Deals, Point 68 

In addition, they recommended policy changes which BEIS should enact. These included recommendations we submitted to the Committee Inquiry on Post Pandemic Economic Growth: Industrial Policy in the UK. The recommendations and conclusions were: 

• Productivity was not a ‘Grand Challenge’ or ‘Mission’ of the previous Industrial Strategy and this may have led to its lack of purpose. 
• That the Industrial Strategy was remote to SMEs. 
• In light of the pandemic the government should review each sector deal and have a focus on productivity. 

Being quoted in a parliamentary report is a huge win for the Association and raises our profile on these issues with policy makers. We will continue to monitor how the Department for Business, Energy and Industrial Strategy respond to the BEIS Select Committee Report and engage further on these issues.

Read the full Report Here 

"AICPA&CIMA: Advocacy in Action - Apprenticeships" Video

Watch video here 

"AICPA&CIMA: Advocacy in Action" video

Watch video here

ICAG Ghana Bill 2020 Video

Watch video here

CIMA Response to the Consultation on EU Corporate Sustainability Directive

Consultation Response

CIMA Response to HM Treasury Consultation on Raising Standards in The Tax Advice Market.

 Consultation Response

CIMA Bitesize Briefing on Levelling Up

Briefing

Letter to Hong Kong Government – Economic Recovery June 2021

CIMA letter to Hong Kong Government

Response to HM Treasury Consultation on R&D Tax Relief

Consultation Response 

Response to the Department for Education Consultation on Flexi-job apprenticeships: reshaping the role of apprenticeship training agencies.

Consultation response

Quarterly Report on International Advocacy-related activities for Q1 2021

Quarterly report

CIMA's response to SA Technical Report for the 2021 Critical Skills List.

Consultation response

CIMAs response to the Department for Business, Energy and Industrial Strategy consultation on requiring mandatory climate-related financial disclosures by publicly quoted companies, large private companies and Limited Liability Partnerships (LLPs).

Consultation response 

Response to the National Implementation Framework towards the Professionalisation of the Public Service

Consultation response

Find below the key announcements the UK Chancellor made in his recent Spring Budget 2021 held on the 3 March 2021. Also, below is a list of measures the Chancellor announced in his Budget that CIMA helped call for on behalf of our members and the profession. 

UK Spring Budget 2021 Key Announcements 

Advocacy Results UK Spring Budget 2021 

Latest bite size breifing from the Budgeting for Recovery report and contains our views and asks to improve skills and productivity in the UK. 

Productivity and Skills Bitesize Briefing

These briefings build upon CIMAs Budgeting for Recovery report and call on the UK Government to take actions to support businesses in economic recovery.

Help paying costs of the pandemic

Pandemic bond

Providing SMEs with support

Providing Businesses with more certainty in uncertain times

Helping build more resilient businesses

Ideas to help young savers

Read our latest report, where we round up our activities and show you how we focus our advocacy efforts, providing Governments around the world with constructive ideas for how they can support and help businesses.

View the latest advocacy roundup

CIMA response to the IFRS Foundation Consultation Paper on Sustainability Reporting

View here

40 Policy suggestions for the UK government to help businesses and the economy both survive the short-term economic crisis caused by the pandemic and help aid longer-term recovery in the UK. The report looks at long-term structural challenges in the UK economy such as poor productivity and how we can create more sustainable and productive growth going forwards. The report also looks at how SMEs and entrepreneurs can be supported to grow and expand and support UK economic recovery.

View here

CIMA submission to the Department for Business, Energy and Industrial Strategy Consultation on Recognition of Professional Qualifications and Regulation of Professions.

View here

Learn how we raise the Association's profile and advance our positions in support of our members.

View here

CIMA response to the UK Business, Energy and Industrial Strategy Select Committee Inquiry into Covid-19 and its affects on UK businesses.

View Here

Read our latest report, where we round up our activities and show you how we focus our advocacy efforts, providing Governments around the world with constructive ideas for how they can support and help businesses.

View the latest Advocacy roundup

Read our latest report, to learn about policy and legislative changes that could affect you.

View the latest policy update

Read our latest report, where we round up our activities and show you how we focus our advocacy efforts, providing Governments around the world with constructive ideas for how they can support and help businesses.

View the latest Advocacy roundup

Read our latest report, to learn about policy and legislative changes that could affect you.

View the latest policy update

Read our latest report, where we round up our activities and show you how we focus our advocacy efforts, providing Governments around the world with constructive ideas for how they can support and help businesses.

View the latest Advocacy roundup

Read our latest report, to learn about policy and legislative changes that could affect you.

View the latest policy update

Letter to Prime Minister Johnson regarding CIMA’s suggestions to help UK economic recovery following the Covid-19 pandemic.

View Here

The Advocacy Team have worked with members and internal experts to come up with 20 policy suggestions for government to help UK economic recovery following the Covid-19 pandemic. These 20 points fall under the four following areas: providing businesses and consumers with the confidence to invest; reducing uncertainty for businesses; creating a more sustainable business environment; and investing in skills to help generate economic growth and improve productivity.

View Here

CIMA’s submission to the Ghana Education Committee consultation on the Institute of Chartered Accountants, Ghana Bill 2020.

View Here

The Department for Business, Energy and Industrial Strategy set up a working group on how the UK should respond and support business and economic recovery due to Covid-19 pandemic. They asked for CIMA’s input into the group. Attached is our submission to this group.

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CIMA response to the UK Education Select Committee Inquiry into Covid-19 and its effects on the UK education sector and schooling.

View Here

CIMA response to the UK Treasury Select Committee Inquiry into Covid-19 and its effects on the UK businesses, finances and the economy

View Here

Read our latest report, where we round up our activities and show you how we focus our advocacy efforts, providing Governments around the world with constructive ideas for how they can support and help businesses.

View the latest Advocacy roundup 

Read our latest report, to learn about policy and legislative changes that could affect you.

View the latest policy update

About: Letter to the UK Chancellor on how the Coronavirus Job Retention and Self-Employed Income Support Schemes could be improved to help support more SMEs in applying and secure more jobs.

View Here

About: Letter to South African Quality Council for Trade and Occupations about CIMA exams being online.

View Here

About: Letter about classification of accountancy and tax services as essential services in South Africa.

View Here

Details: This letter was sent to the UK Chancellor on the 27 April 2020. CIMA along with 16 other organizations representing nearly 300,000 UK professionals signed this letter asking for further support for SMEs to dealing with the Coronavirus crisis.

View Here

Details: Letter to UK Chancellor on how the government can ensure more SMEs are able to get support from the Coronavirus Business Interruption Loan schemes.

View Here

Details: This letter was sent to the Minister of State on the 16 April 2020. It details further suggestions to support SMEs and the economy during the Coronavirus crisis.

View Here

A letter to the UK Chancellor asking for further support for SMEs to deal with the Coronavirus crisis.

View Here

The Advocacy Team have worked with members to come up with suggestions to government on financial measures that would help micro-enterprises, the self-employed and gig economy workers with providing immediate cashflow in the wake of the Coronavirus. The CIMA Advocacy team have written to the Chancellor with these suggestions.

SME and Self Employed         Chancellor's letter

A quick roundup of measures announced in the UK Government’s Budget on 11 March 2020 that are relevant to CIMA and the Association.

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The Association’s response to the UK government’s digital services tax consultation in early 2019.

View Here

CIMA Letter to Boris Johnson outlining five steps to boost Apprenticeships and increase UK Productivity

View Here

CIMA Letter to Jeremy Hunt outlining five steps to boost Apprenticeships and increase UK Productivity

View Here

CIMA response to the Review of Post-18 Education and Funding

View Here

The PAC response focuses on our views and experiences involved in the apprenticeship programme in England.

View Here

CIMA submission to the Department for Business, Energy and Industrial Strategy Consultation on Recognition of Professional Qualifications and Regulation of Professions.

View here

CIMA response to the Call for Evidence as part of the Independent Review of the Financial Reporting Council

View here

Independent review of the Financial Reporting Council (FRC)

View here

The Chartered Institute of Management Accountants® comment on the proposed changes to the Sector Education and Training Authority Landscape post March 2020

View here

Association of International Certified Professional Accountants Response to the Corporate Governance Principles for Large Private Companies Review by James Wates

6 September 2018

View here

The Chartered Institute of Management Accountants® Accountants Response to the Competition and Markets Authority statutory audit market study invitation to comment.

30 October, 2018

View here

The House of Commons Select Committee for Business, Energy and Industrial Strategy Automation and the Future of Work Inquiry

Submission of Evidence from The Chartered Institute of Management Accountants®

October 2018

View here

Opposition to the Independent Regulatory Board for Auditors’ (IRBA) Consultation Paper issued 25 October 2016 calling for mandatory audit firm rotation (MAFR)

View here

The Advocacy Team have worked with members and internal experts to come up with 20 policy suggestions for government to help UK economic recovery following the Covid-19 pandemic. These 20 points fall under the four following areas: providing businesses and consumers with the confidence to invest; reducing uncertainty for businesses; creating a more sustainable business environment; and investing in skills to help generate economic growth and improve productivity.

View Here