Society of Management Accountants of Canada Totally Explained

Everything about The Society Of Management Accountants Of Canada totally explained

The Society of Management Accountants of Canada, which is also known as CMA Canada, awards the Certified Management Accountant designation in Canada. CMA Canada represents 37,000 members and 10,000 students. Below the national organization, there's a CMA institute (ordre in French) in each Canadian province and territory. Members and students must belong to a provincial or territorial institute, and obtain CMA Canada membership in addition. It isn't possible to join CMA Canada directly.
   Like the Chartered Institute of Management Accountants in the United Kingdom and Institute of Management Accountants in the United States, CMA Canada specialises in accounting in an industrial context rather than providing services directly to the public. While in some Canadian provinces, notably Ontario, CMAs have been granted the right to apply for auditor status, it isn't considered likely that a large number of CMAs will be interested in obtaining this status.
   During 2004, CMA Canada engaged in merger talks with the Canadian Institute of Chartered Accountants, however these were later abandoned.
   In 2005, CMA Canada announced a partnership with the British Chartered Institute of Public Finance and Accountancy to provide a dual-designation training route for Canadian public sector finance professionals. Details (pdf)

A mutual recognition agreement has been in place between CMA Canada and the British Chartered Institute of Management Accountants since October 2003. (External Link

). In February 2004, a similar mutual recognition agreement was concluded with the British Chartered Institute of Public Finance and Accountancy Details

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