Suppose someone decided to decided to launch an organization called the American Institute of Chartered Management Accountants, or the AICMA. It's easy to believe that the Now that the CGMA has been in the field a few months, it is time to word this more strongly. That conclusion grew after a person knowledgeable about how the new letters came about said, "Of course, it's deliberate" which I asked about the similarity to the letters being used. Go beyond the original thought in this year. If someone introduced a competing credential in the United States that resembled the letters CPA, the AICPA would muster every legislative weapon it has to defeat it.
After more than 20 years covering this profession, there has been more than one occasion in which I believed the AICPA set less than high standards. Inherent conflicts involving its ownership of CPA2biz come to mind. Personally, I could care less which organization prevails in this. Let the market decide. But if this competition were a college basketball game with the AICPA committing a foul, the IMA would have been awarded two free throws and possession of the ball.
