Collaboration on agenda

Accountancy bodies seek closer ties

Anton ColellaTwo accountancy bodies are in talks about closer collaboration on membership and quality standards.

The Institute of Chartered Accountants Scotland (ICAS) and the Chartered Institute of Management Accountants (CIMA) are looking to open up routes to CIMA membership and the Chartered Global Management Accountant (CGMA) designation.

CGMA is the global quality standard recognising the most talented and committed management accountants with the discipline and skill to drive strong business performance.

Further details on the outcome of the discussions are expected to be available later in the year. 

CIMA, founded in 1919, is the world’s largest professional body of management accountants, with over 229,000 members and students operating in 176 countries.

ICAS has more than 21,000 members in about 100 countries. 

Anton Colella (pictured), chief executive at ICAS, said: “We are excited to be in discussions with CIMA about the potential for opening up membership and CGMA designation opportunities to our members, and to be exploring further reciprocal arrangements.

“Both ICAS and CIMA recognise the benefits of equipping our members with the skills and qualifications needed for an ever-changing global business environment and we look forward to working closely with CIMA.”

Charles Tilley, his counterpart at CIMA, said: “ICAS is one of the most respected professional bodies in the world with members based across 100 countries.

“Its chartered accountants are increasingly moving into business-focused roles and CIMA is delighted to be working with ICAS to build upon an already world-renowned level of training.”



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