CMA - Certified Management Accountant

[tariqsohail]

Yasir,

I don't have update relation status between IMA & IFAC but IMA still participating in more or less all activities of IFAC related to management accounting. Plus IMA is pretty actively participating on IFAC net.

http//www.ifacnet.com/participants

I received following information from IMA almost year back. I am pasting information as it is;

"IMA is committed to serving our international markets and global members in more than 120 countries. Following a detailed due process, based on our strategic interests and our global member needs, IMA has decided not to renew its membership with the International Federation of Accountants (IFAC) following the current membership year ending December 31, 2008.

IMA has made this decision considering that IFAC’s programs and initiatives are not in alignment with those of IMA; specifically in advancing the management accounting profession. Tangible benefits to our members were not deemed commensurate with dues expenditures. IMA will re-allocate IFAC membership dues to develop tangible products and services to international members, in the areas of certification, specialized certificates, professional development, conferences and networking.

IMA will continue to partner with international bodies affiliated with IFAC. We will provide input to IFAC as a non-member, through comment letter submissions, on issues specifically related to management accounting for the international markets. Of course, we would consider re-engagement with IFAC, based on IMA’s future initiatives."


Regards.