CIMA (uk) QUALIFICATION - 2006

[accountant1]

NEWS RELEASE

2 November 2005

CIMA JOINS FORCES WITH LEADING AMERICAN INSTITUTE

The Chartered Institute of Management Accountants (CIMA) and The
American Institute of Certified Public Accountants (AICPA) have agreed to
collaborate on developing high quality products and services for their
members. This will allow CIMA, the only international chartered
accountancy body with a sole focus on accountants in business, to offer the
AICPA, the biggest professional accountancy body in the world, additional
professional resources for its members working in business and industry,
who comprise nearly 50 per cent of its membership.

John Morrow, AICPA Vice President, The New Finance, who oversees
services for CPAs in business and industry, said

“This collaboration will help our members continue developing the
skills to succeed as they assume different roles and levels in business.”

The resources developed through the CIMA-AICPA relationship will
encompass three core areas business management, management accounting and
financial management. “Having employees with these skills will allow
organisations to gain an advantage in a complex business environment,”
Morrow said. According to Morrow, the impetus for the agreement was the
fact that CFOs are taking a more prominent role in steering the
direction of their organisations’ business practices.

Charles Tilley, CIMA Chief Executive said “Both CIMA and the AICPA
wish to develop their support to their members working in business. It
clearly makes sense to share the effort of providing this support and
also help CIMA build its brand in the U.S. where we have an increasing
number of members.”

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