Chartered Institute of Public Finance and Accountancy

 

 

Mutual Recognition - CANADA

1)    Mutual Recognition Agreement

CIPFA announced in 2004 the signing of a Mutual Recognition Agreement (MRA) with CMA, a body which shares CIPFA’s interest in the advancement of financial and strategic management; the MRA’s objective was to establish the arrangements whereby qualified members of each body will be recognized as members of the other.

a)    CIPFA Members seeking CMA membership

       Qualified CIPFA members, to become members of CMA Canada, must:

  1. Have completed university level courses in the subjects of company taxation or other law as prescribed by CMA Canada.
  2. At the completion of studies, be permanent residents or citizens of Canada.
  3. If residing in the province of Quebec, be subject to the French language requirement.
  4. Have completed at least two years of relevant experience at management level while employed in Canada.
  5. Be of good standing and without any outstanding disciplinary charges or complaints in the course of investigation.
  6. Have met any special requirements to be able to operate in public practice, whether required by CMA Canada or by law.

 

       For information on how to apply please contact Richard Benn, Vice President, Knowledge & Program Development at CMA Canada on rbenn@cma-canada.org or telephone 1-800-263-7622. For information about the CMA Canada visit their website www.cma-canada.org.

 

b)    CMAs Seeking CIPFA Membership

       CMA members seeking CIPFA membership will need to:

  1. Have a university degree or equivalent recognized by CIPFA.
  2. Be legally entitled to work in the UK or be a UK citizen.
  3. Produce a Continuing Professional Development (CPD) plan covering UK Company Law and Taxation over a minimum of eighteen months with documented evidence.
  4. Have two years relevant work experience in the UK (which can be backdated).
  5. Be of good standing with no disciplinary cases outstanding (A letter confirming this from CMA Canada will be required).

       Completed forms should be sent to the Membership Operations department at CIPFA together with the appropriate application fee. A signed form is required; copies and faxes cannot be accepted. Successful applicants can use the designatory letters ‘CPFA’ (Chartered Public Finance Accountant) for as long as they continue membership.

PQ BL4 App (CMA Canada) [PDF size: 79KB]
PQ BL4 App Notes (CMA Canada) [PDF size: 32KB]

2)    CMA/CIPFA Dual Qualification and Designations

CIPFA and CMA Canada have a dual qualification which provides Canadian public sector employees with comprehensive financial management and leadership training.

On completing the programme, candidates can apply for dual public finance management and accounting designations as a Chartered Public Finance Accountant (CPFA) and Certified Management Accountant (CMA) from CIPFA and CMA Canada respectively. For more information visit www.cma-canada.org/index.cfm/ci_id/7661/la_id/1/document/1/re_id/0.