A new President and a new partnership for CIMA
Last week CIMA elected its 83rd president – management consulting veteran Andrew Miskin. The former IBM, KPMG and PwC employee has 25 years’ experience as a management consultant, and now […]
Last week CIMA elected its 83rd president – management consulting veteran Andrew Miskin. The former IBM, KPMG and PwC employee has 25 years’ experience as a management consultant, and now assumes responsibility for chairing the institute’s governance arrangements and advocating for CIMA and management accounting.
Throughout his career, Miskin has been a very active CIMA member, holding a variety of roles including serving on the CIMA council, as chairman of its members’ services committee and as deputy president of the executive committee.
His election occurred on the same day as the result of a member ballot in favour of a new accounting association with the AICPA was announced, so he will now also be responsible for overseeing the creation of the new body.
An historic merger
Members of both the American Institute of Certified Public Accountants (AICPA) and Chartered Institute of Management Accountants (CIMA) voted have overwhelmingly in support of creating a new international accounting association between them, to represent the entire accounting profession, while preserving the membership bodies of both organisations. CIMA’s press release adds that this coming together has been designed “to complement rather than replace both constituent organisations – so while it will bring extra weight and influence to CIMA, CIMA’s existing structure and Royal Charter will remain, and CIMA will retain its management accounting focus”.
By joining together the organisations aim to be able to strengthen advocacy, accelerate efforts to boost member employability – which outgoing CIMA President Myriam Madden was a big advocate of – and provide additional resources to enhance the quality and competency of public and management accountants in the United States, the UK and further afield. Under the proposals students will also have access to more learning tools, as well as benefitting from increased recognition of the qualification they are studying towards.
Members of the AICPA and CIMA will continue to receive all existing benefits plus added value through automatic membership in the new association for no additional dues. The AICPA is the world’s largest accounting association, with more than 412,000 members in 112 nations. CIMA has nearly 200,000 accounting professionals as members around the globe. Through their joint venture, the new association will represent more than 600,000 accounting professionals.
The approval of the new association clears the way for the evolution of the joint venture between the AICPA and CIMA that began in 2011. Work to create the new association will begin immediately, and it will officially launch in 2017.
