7 July 2025, Manila, Philippines – The Chartered Institute of Management Accountants (CIMA) and Philippine Institute of Certified Public Accountants (PICPA), Philippine Association of Management Accountants (PAMA) have announced that they have renewed their Memorandum of Understanding (MoU) for another three years.
The agreement allows PICPA members to become CIMA members, subject to passing the CGMA Professional Qualification Strategic Case Study Exam. Candidates will also need to meet the practical experience requirements to demonstrate their competence and experience in the workplace. PAMA will run the programme locally in the Philippines, supporting candidate registration and progression. Over the years, the agreement has opened up new employment opportunities for accounting, finance, and business professionals and given employers in Philippines access to a wider talent pool.
Saritha Subramaniam, Regional Director - SEA Markets, at The Chartered Institute of Management Accountants, said: “The renewal of this tripartite agreement with PICPA and PAMA recognises the expertise of finance professionals in the Philippines and supports their aspirations to gain the CGMA designation. It empowers professionals with greater access to global opportunities and reinforces our commitment to advancing the accounting and finance profession in the country. We look forward to continuing our support by offering insights, tools, and recognition to help them thrive in today’s evolving business landscape."
Atty. Roland Pondoc, President, Philippine Institute of Certified Public Accountants, FY 2024–2025, said: “The collaboration with CIMA enables us integrate global standards while fostering local innovation, ensuring that our Filipino accountants continue to keep up and lead in both the global and local arenas.”
Ranulfo Sanchez, President, Philippine Association of Management Accountants, said, “The CGMA designation is more than just a credential. It is a valuable opportunity to develop future-ready Filipino accounting and finance professionals with cutting edge management accounting knowledge to lead and make meaningful impact both locally and globally.”