CIMA and AICPA to form new as­so­ci­a­tion

Pakistan Observer - - ECONOMY WATCH - STAFF RE­PORTER

KARACHI—The Char­tered In­sti­tute of Man­age­ment Ac­coun­tants (CIMA) and the Amer­i­can In­sti­tute of CPAs (AICPA), are join­ing forces to create a new as­so­ci­a­tion that would rep­re­sent the breadth of the ac­count­ing pro­fes­sion. The new As­so­ci­a­tion aims to be­come the most in­flu­en­tial pro­fes­sional ac­count­ing body in the world, and will rep­re­sent 600,000 cur­rent and nextgen­er­a­tion pro­fes­sion­als. It has been de­signed to com­ple­ment rather than re­place both con­stituent or­gan­i­sa­tions so while it will bring ex­tra weight and in­flu­ence to CIMA, CIMA’s ex­ist­ing struc­ture and Royal Char­ter will re­main, and CIMA will re­tain its man­age­ment ac­count­ing fo­cus.

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