The Chartered Institute of Management Accountants (CIMA) and the Chartered Professional Accountants of Canada (CPA Canada) have signed a Memorandum of Understanding agreement in Toronto. The new agreement became effective 1 August 2023.
The Memorandum of Understanding on Reciprocal Membership Arrangements (MoU) allows members of each professional accounting body to concurrently become members of the other body and adopt, subject to criteria, the relevant professional designation. This will widen the employment opportunities open to both sets of members and give employers and clients greater access to accounting and finance talent.