Mutual Recognition Agreements and Advanced Standing
Internationally
Trained Accountants
As a leading
international accounting body, CMA Canada actively pursues opportunities to enhance recognition and mobility
for its members in other countries and for professional management accountants from other countries in
Canada. Currently, there are three types of recognition offered by CMA Ontario to internationally trained
professionals in Ontario and the following section provides the guidelines for each:
Mutual
Recognition Agreements (MRA) Under a
Mutual Recognition Agreement, there is a reciprocal granting of professional designations for qualifying
members of CMA Canada and the other body. The eligibility requirements are set by each body based on an
extensive review of each other's accreditation policies and programs. CMA Ontario is pleased to announce that
Mutual Recognition Agreements have been signed with the following international accounting bodies:
New MRAs are
regularly considered, so please keep checking back on this page for updates.
Professional
Advanced Standing Professional
Advanced Standing Under CMA Ontario's Professional Advanced Standing policy, special advanced standing in the
CMA Canada accreditation process is granted for qualifying members of a recognized body. The eligibility
requirements and advanced standing granted are set by CMA Canada based on an extensive review of the
accreditation policies and programs of the other body. CMA Ontario is pleased to announce that Professional
Advanced Standing recognition has been granted to qualifying members of the following international
accounting bodies:
Advanced
Standing Other
foreign-accredited professionals with university degrees and other foreign university degree holders are
eligible for advanced standing in individual CMA Prerequisite Studies topics based on the specific courses
they have successfully completed through a bachelors degree equivalent. Further information is provided in
Your Next Step and in the following CMA Career Map:
Courses may also
be evaluated to determine prerequisites to the Accelerated Program.
Please note that
advanced standing does not remove the requirement to pass the CMA National Entrance Exam and to successfully
complete the entire Strategic Leadership Program.
Mutual
Recognition Agreements (MRA)
Mutual
Recognition Agreement with CPA Australia
The Mutual
Recognition Agreement between CMA Canada and CPA Australia strengthens an already excellent relationship
between these two leading accounting organizations. The agreement offers a wealth of opportunities to members
of both bodies, among them enhanced international professional recognition and mobility.
The landmark
alliance identifies areas for mutually beneficial joint initiatives, including educational and professional
development, and research and advocacy. The partnership highlights the increasingly global nature of the
profession and the growing movement toward international knowledge-sharing and collaboration.
Members who work
internationally or for multinational firms will find the benefits of the agreement especially valuable. The
agreement details how members of CPA Australia and CMA Canada can gain reciprocal membership.
Inquiries from
CMA Canada members should be directed to:
Mutual
Recognition Agreement for CIPFA Members (UK)
CMA Canada
established a Mutual Recognition Agreement with the Chartered Institute of Public Finance and Accountancy
(CIPFA) Under this agreement, qualifying members of CIPFA can become Certified Management Accountants and
vice versa.
Based in the
United Kingdom, CIPFA has over 15,000 members and is the only accounting body in UK that specializes in
public service.
For IPFAs
wanting to become CMAs
Members of the Chartered Institute of Public Finance and Accountancy (IPFAs) who are residing in Ontario and
want to apply for membership at CMA Ontario can do so by contacting the Candidate Support
Representative at info@cma-ontario.org or
416-204-3102.
For CMAs
who want to become IPFAs (Members of CIPFA)
CMAs who want to apply for CIPFA membership should contact Mrs Terry Woodman, Membership Operations Manager,
tel 0207 543 5642, terry.woodman@cipfa.org
Click here for more information about CIPFA Dual
Designation in Canada.
Mutual
Recognition Agreement for CIMA Members (UK)
CMA Canada
established a Mutual Recognition Agreement with the Chartered Institute of Management Accountants of the
United Kingdom (CIMA). Under this agreement, qualifying members of CIMA can become Certified Management
Accountants and vice versa.
For CIMAs
wanting to become CMAs
Chartered Management Accountants (ACMAs) who are residing in Ontario and want to apply for membership at CMA
Ontario can do so by contacting the Candidate Support
Representative at info@cma-ontario.org or
416-204-3102.
For CMAs
who want to become ACMAs (CIMA Members)
CMAs who want to apply for CIMA membership should contact CIMA Services at cima.services@cimaglobal.com or call +44 (0)20
7663 5441
These seeking to
become a CMA may contact a CMA Ontario Candidate Service Representative at 416-204-3102 or by e-mail at
info@cma-ontario.org.
Institute of Chartered Accountants of Ontario (ICAO) A
member of the ICAO who has acquired their designation through the ICAO qualification process and has a
university degree will be granted an exemption from the CMA Canada Entrance Examination and will be required
to complete the Strategic Leadership Program, including the Case Examination and the Board Report, to obtain
their CMA designation.
Click here for general information about the ICAO.
Certified General Accountants of Ontario (CGAO)
A member of the CGAO who has acquired their designation through the CGAO qualification process and has a
university degree will be granted an exemption from the CMA Canada Entrance Examination and will be required
to complete the Strategic Leadership Program, including the Case Examination and the Board Report, to obtain
their CMA designation.
Click here for general information about the
CGAO.
American Institute of Certified Public Accountants (AICPA)
A member of the AICPA or a CPA state association who has acquired their CPA designation through the AICPA and
state boards of accountancy qualification process, and has a university degree, will be granted a full
exemption from the CMA Canada Entrance Examination and will be required to complete the Strategic Leadership
Program, including the Case Examination and the Board Report to obtain their CMA designation.
Click here for general information about the AICPA.
Association of Chartered Certified Accountants (ACCA)
A member of the ACCA who has acquired their designation through the ACCA qualification process and has
completed the Advanced Performance Management as one of their options, and has a university degree, will be
granted an exemption from the CMA Canada Entrance Examination and will be required to complete the Strategic
Leadership Program, including the Case Examination and the Board Report, to obtain their CMA
designation.
Click here for general information about the
ACCA.
Institute of Cost and Management Accountants of Pakistan (ICMAP)
A member of the ICMAP who has acquired their designation through the ICMAP qualification process and has a
university degree will be granted an exemption from the CMA Canada Entrance Examination and will be required
to complete the Strategic Leadership Program, including the Case Examination and the Board Report, to obtain
their CMA designation.
Click here for general information about the ICMAP.
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