The AICPA and CIMA to join forces

In 2011, the American Institute of CPA’s and the Chartered Institute of Management Accountants (CIMA) formed

a joint venture to professionalize management accounting in the United States and around the world.  CIMA was founded in 1919 and is the largest professional body of management consultants with over 227,000 members operating in 179 countries. 

Recently, I attended the AICPA Annual Conference out in Maui Hawaii which was an exciting and thought-provoking meeting.  While there, members voted to allow non CPA’s in the United States to obtain the Chartered Institute of Management Accountants (CIMA) designation. 

The AICPA is proposing to join forces with CIMA to create a new accounting organization named the Association of International Certified Professional Accountants.  Together, the AICPA and CIMA would significantly enhance advocacy, member employability, and our abilities to advance the accounting profession.   The Association would represent an even stronger voice in advocacy efforts, speaking with the power of more than 600,000 current and next generation accounting professional’s in the United States and worldwide.  The AICPA will continue to exist, serve members, and grow the pipeline of future CPA’s while promoting and protecting the CPA brand worldwide. 

The AICPA believes that we must act now to preserve the relevance and value of the accounting profession for future generations.  Environmental trends are altering the face and expectations of the next generation.  Organizations with less rigorous credentials are positioning themselves to leverage these trends and tap into this demand.  The AICPA Board of Directors supports this proposal and has asked for member feedback.  Depending on the feedback, the next AICPA Council could consider authorizing a membership ballot in the spring. 

If you have any feedback or questions regarding this subject please contact Bob Mancini at the Rhode Island Society of CPAs.